MERCHANT BANKING IN INDIA: A KEY PLAYER IN ACHIEVING THE VISION OF VIKSIT BHARAT 2047

The vision of Viksit Bharat 2047 focus on India as a developed nation with an aim to develop financial markets and whole economy. An important component of this vision is the development of the financial sector. Merchant banking is responsible for increasing economic growth, infrastructure development, and financial growth. This paper explores the working of merchant banking in the respect of Vision Viksit Bharat 2047, focusing on its contributions to capital formation, infrastructure financing, mergers and acquisitions (M&A), and advisory services. Through the analysis of selected banks, the paper evaluates the current scenario, challenges, and potential strengths to enhance the effectiveness of merchant banking in achieving this national goal of viksit bharat 2047.

As India aims to become a developed nation by 2047, the efficiency and customer satisfaction within the banking sector, particularly in merchant banking, are crucial. Through a survey of 20 respondents and secondary data analysis, this paper examines the challenges, opportunities, and customer experiences related to merchant banking services, drawing insights into how these services can contribute to the realization of Vision– Viksit Bharat 2047.