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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. 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 is the backbone of India’s economic development as steel is an essential input in other sectors. India’s steel in⭕dustry has been undergoing modernisation for decades. The rapid rise in steel produc𓃲tion ...
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India is on♌e 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 mo෴st. ...
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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 accounted for 9.5% of total exports and 36.1% of total imports as of FY2019 ...
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Colombia’s tourism sect🥂or plays an🐻 increasingly important role in the national economy, being now among the main sources of foreign revenue for the country, behind mineral and agricultural commodities exports. It also offers ...
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Brazil ranked fifth among the main global renewable energy producers in 2019, following China, the United States, Canada and Germany. Among the more tradi🌃tional energy sources, Brazil is second🅠 only to China in hydropower and biomass ...
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Thailand is the largest producer of four-wheel vehicles in the ꧟ASEAN region and the 11th largest vehicle producer in the world. Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in ...
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Estimated at USD 84bn in 2019, Russia’s tourism and leisure sector ranks among the 20 largest globally. However, its total contribution to GDP is 5%, which is far below the global average that year of 10.3%.💝 The sector still has ...
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India has traditionall🧜y been a major producer of textiles. Textiles manufacturing in the count🥃ry is dominated by cotton. The textiles and apparel industry contributes 2.3% to India's GDP and accounts for 13% of ...
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Argentina is the third-largest pharmaceutical market in Latin Ameri♔ca, with retail drug sales of USD 4.7bn in 2019. The country has a large an𒆙d ageing population, a relatively developed public health system, and a small but consolidated ...
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Generating nearly 14% of Russia’s GDP, the wholesale and retail trade sector is an important engine of economic growth. The sector provid🥀es jobs to more than 13mn people, about a fifth of total employment in Russia. With a population ...
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