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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositౠary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
In 2018, the Polish telecommunications sector was responsible for 1.9% o🤪f the country's GDP (vs. 2% in 2016), while the entire ICT sector accounted for 5.6% of GDP (vs. 4.9% in 2017) and employed around 220,000 people. The Polish telecom market is a ...
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India’s textile sector is the country’s oldest manufacturing industry. ꧋In FY2019, the GVA of textiles, apparel and leather product manufacturing accounted for 2.04% of totalꦑ GVA, 7.07% of industrial GVA and 12.67% of manufacturing GVA. ...
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In India, agriculture is the primary source of livelihood for close to 60% of households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to India’s GDP. India is home to over 20✅ agri-climatic regions, ...
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India’s IT industry consists of IT services and Hardware and Business Process Management (BPM). E-Commerce has off🎐icially been part of the BPM segment of this industry since FY2013, reflecting its substantial contribut🐻ion to industry revenues. ...
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China’s beverage sector reported a significant decre♛ase in revenue in the first quarter of 2020, due to the coronavirus pandemic. Beverage retail sales i❀n January-March 2020 were down by 3% y/y to RMB 46.8bn. In Q1 2020, all alcoholic ...
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Thailand’s pharmaceuticals and healthcare sector has strong growth potential. Thailand is one of the most rapidly aging societies in t♋he world. As the population ages, Thailand is facing an increase in the incidence of non-communicable diseases ...
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The retail sector is one of the largest and the most important sectors of the Polish economy, being one of the main drivers of its sustained growth in recent years. This can be attributed to the rising income leve🤡ls, job security and overall quality ...
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India is the third largest consumer of energy and oil afte🦋r China and the US, as of 2018. It is also the fourth largest importer of Liquefied Natural Gas (LNG). Despite being one of the largest consumers of these fuels🦄, the reserves available within ...
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Due to the focus on trℱaditional banking products and the austere financial supervision, the Polish banking system has weathered down the crises of the last two decades very well and remains well capitalised and non-volatile. Still, Poland is ...
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Turkey’s automotive sector was badly hit by the economic recession in the country, which was sparked by the shar🎉p depreciation of lira in the summer of 2018. Despite the government’s efforts to support the domestic market, car salesꦦ ...
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