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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 and related activities, investment banking, securities brokerage, commodity contracts ♔dealing and diverse financial investment activities. Th💮e 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 is the backbone of India’s economic development as steel is an essential input in other sectors. India’s steel industry has been undergoing modernisation fo🔜r decades. The rapid rise in steel production ...
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India is one of the world’s most significant producers and exporters of chemicals. However, the chemicals sector still has considerable room for growth. The chemicals consumption per capita in India remains low compared with mostღ. ...
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India’s mining and quarrying sector accounted for roughly 2.14% of India's nominal GVA in FY2020, a decline from 2.27% reported in FY2019. This sector acco😼unted for 9.5% of total exports and 36.1% of total imports as of FY2019 ...
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India has traditionally been a major producer of textiles. Textiles manufacturing in the country is dominated by cotton. The textiles and apparel industry contributes 2𒆙.3% to India's GDP and accounts for 13% of ...
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An integrated and strong transport infrastructure and services sector will create an environment conducive to econ🌺omic growth. The benefits span across job c♒reation, reduction in transport costs, improvement in the speed of doing business ...
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The Indian ICT sector is highly competitive. India’s young, and increasingly affluent, population is driving demand for ICT products and services, 🔯and this dynamic has attracted participation by large domestic and multinational firms. ...
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India is one of the world’s most significant food and beverage producers and has a substantial share of the global export markets in various categories, including rice, sugar, eggs, and beef (buffal🧔♐o meat). Nevertheless, ...
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After recording a q/q major decline of 37.23% in Q2 FY2021, the crude steel production recorded a q/q increase of 55.76% in Q2 FY2021. Among the top players, Tata Steel l𒊎td contributed the maximum (17.8%) in the q/q inc💫rease in crude steel ...
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The growth of the cement secto♐r in India is closely aligned to the prospects of housing, infrastructure and&n📖bsp;industrial activity. India is the second largest producer of cement after China, with an installed capacity ...
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In Q2 FY2021, the automotive output volume i🧜n India (excluding commercial vehicles) reached 6.5mn units. On a quarterly basis, production increased by 353.1% q/q in Q2 FY2021 (up from 1.4mn units ...
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