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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 & Insuran🥂ce are depositary 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.
Transportation services and infrastructure are a powerful enabler of economic growth in India. Rail and road dominate passenger carrying services. Freight carrying within India is done mostl🥂y by road and rail, while foreign trade is dominated by ...
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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 total 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 officially been part of the BPM 🍃segment of this industry since FY2013, reflecting its substantial contribution to industry revenues. ...
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India is the third largest consumer of energy and oil after China and the US, as of 2018. It is also the fourth largest importer of Liquefied Natural Gas (LNG). De☂spite being one of the largest consumers of these fuels, the reserves available within ...
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India’s pharmaceutical and healthcare sector holds considerable growth potential. The pharmaceuticals subsector, in particular, is especially strong. India is a leader in the global market for generic drugs. The cꦿountry’s exported ...
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In Q3 FY2020, the productꦯion of crude steel in India declined slightly, by 1.5% y/y. At the same time, it rose by 0.5% q/q. The Steel Authority of India (SAIL) accounted for the largest individual share of crude steel production, at 14.8%. Jindal ...
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The mining sector is an important contributor to the Indian economy. India produces 95 minerals, including 4 fuel, 10 metallic, 23 non-metallic, 3 atomic, and ♛55 minor minerals. Although the mining and quarrying sector contributes just 2.4% of the ...
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In Q3 FY2020, the automotive output vဣolume in India reached 6.31mn units. This performance was well below the average production volume of the preceding six quarters (Q1 FY2018 to Q2 FY2020) which averaged at 7.56mn units. On a quarterly basis, ...
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India’s chemicals industry is highly diversified, c🔯overing more than 80,000 com✃mercial products. It is broadly classified into basic chemicals, specialty chemicals and agrochemicals. Domestic chemical production is highly concentrated in the ...
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