The financial sector in India has experienced a growth rate of 8.5% per annum. The rise in the growth rate reflects the growth of the economy. The fiscal policies and the monetary policies are able to sustain a stable growth rate. The reforms pertaining to the monetary policies and the macroeconomic policies over the last few years has influenced the Indian economy to the peak. The major step towards opening up of the financial market further was the nullification of the regulations curbing the growth in the financial sector.