In the paper the ways in which the financial sector's impact on economic growth and development and the process can assay refers to some theoretical foundations. Africa and the financial system provides the structure of the property. Affect the main features of financial systems in Africa, can economic growth, weak regulatory environment, weak legal, financial system bankdominated, are widening interest rate spreads, poor corporate governance practices, deposit safety nets, oligopolistic banking sector, financial lack of innovation, inefficient payment and clearing systems of the poor design, small, shallow values, market segmentation and informal financial channels and generally low to strengthen the financial markets. These characteristics affect the impact of economic growth and development to financial services. Policy makers to measure these characteristics, economic growth and further development is necessary to reduce the distorting effects.

In the paper the ways in which the financial sector's impact on economic growth and development and the process can assay refers to some theoretical foundations. Africa and the financial system provides the structure of the property. Affect the main features of financial systems in Africa, can economic growth, weak regulatory environment, weak legal, financial system bankdominated, are widening interest rate spreads, poor corporate governance practices, deposit safety nets, oligopolistic banking sector, financial lack of innovation, inefficient payment and clearing systems of the poor design, small, shallow values, market segmentation and informal financial channels and generally low to strengthen the financial markets. These characteristics affect the impact of economic growth and development to financial services. Policy makers to measure these characteristics, economic growth and further development is necessary to reduce the distorting effects.

Article examines whether economic growth is due to "economic growth in India since 1996. Real growth of GDP and financial development indicators and the interaction between both the Engle-Granger test for cointegration with the Johansen techniques with the concept of Granger-causality are examined. ADF cointegration Gregory and Hansen (1996) proposed by the test shows that both economic growth and financial development level and change of regime change in the data.Real GDP growth rate is cointegrated with financial depth. However, the causality runs from real GDP growth in market capitalization. Sector wise growth in the industrial and service sectors of the stock market and banking sector development and financial depth are cointegrated with. Areas that are different from the rate of growth in market capitalization in the direction of causality. It is also noted that financial depth is industrial growth and causality in both directions between bank credit and industrial development causes. In addition, GDP growth volatility in the stock prices, industrial production and production services are cointegrated. Article says that in a general sense, economic growth is due to "economic growth in India.