Decentralized Finance (DeFi): Reshaping Indian Financial Systems
Authors:-Associate Professor Dr Ashfaq Ali
Abstract- Decentralized Finance (DeFi) has emerged as a disruptive force in global financial systems, offering alternatives to traditional banking through blockchain-based solutions. This paper explores the role of DeFi in reshaping India’s financial landscape, focusing on its potential to enhance financial inclusion, streamline cross-border transactions, and democratize investment opportunities. Despite significant opportunities, challenges such as regulatory uncertainty, technological barriers, and financial risks hinder its adoption. The paper provides an in-depth analysis of these issues and offers recommendations for leveraging DeFi to transform Indian financial systems.
