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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 depositary and non-depositary credit intermediation a🐻nd related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial i♔nvestment 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.
The steel sector contributes about 2% of the Indian economy’s total GVA, according to the Indian Brand Equity Foundation (IBEF). The sector employs 500,000 ܫpeople directly and 2.5mn people indirectly. Indian crude steel production is the ...
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The telecommunications sector in China has been playing a cruci🌄al role in the country’s development processes. As one of the♔ key national industries, it plays a double role. Apart from its traditional functions, it has fundamental importance ...
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The gross output of Poland’s wood, paper and furniture industry stood at 6.6% of the country’s GDP in 2017. In the same yeꦚar, it also accounted for 12.5% of employment in manufactu🐼ring and 2.5% of total employment in the Polish economy. ...
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The development of E&E manufacturing has been key to Malaysia’s transition from an agricultural to a manufacturing-based economy, and 🃏the consumer electronics sector has been an important driver of that transformation. Malaysia is a global 🍃...
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Due to the combination of iꦺts rich, unexplored mineral resources and active government measures to enhance the regulatory framework, Ecuador is on track to become the fastest-growing mining destination in Latin America. Growing investor appetite for ...
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The slowing economy and the transition to VI emission standards continued to weigh on China’s automotiv♚e market. In Q3 2019, the automoti🍌ve production slumped by 6.2% y/y to 6mn units, where passenger car production only was down by 6.9% y/y. ...
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After a weak financial performance in the 2016-2017 period, Colombia’s ICT sector returned to growth in 2018. The information and communications sectoꦯr’s GVA increased by 3% y/y in 2018, reaching COP 24.5tn or 2.9% of total GDP, ...
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I♊n the third quarter of 2019, China’s air transportation s💎ector continued to suffer from the temporary grounding of all 96 of China’s Boeing 737 MAX 8 aircraft after Ethiopia crash in March 2019. The aircraft grounding is expected to last ...
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In the third quarter of 2019, China’s economic performance was weaker, growing by 6% y/y, the lowest level in 27 years. The GDP growth for the first nine mont⛄hs of 2019 reached 6.2% y/y. Such dynamics was a result of increasing external ...
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