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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.
In the fourth quarter of 2019, China’s production volume of active pharmace♛utical ingredients (API) declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragged down the ...
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In the fourth quarter of 2019, China’s air transportation sector witnessed an overall positive performance on the back of the stable air passenger travel dema🐻nd and the positive developments in the US-China trade war negotiations, which drove ...
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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 minera💎ls. Although the mining and quarrying sector contributes just 2.4% of the ...
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Brazil has rich mineral resources, making it a 𓆏relevant player in the global mining industry. The country ended 2018 with the world’s largest niobium reserves (80% of the total) and ranking second ✱in terms of tantalum reserves (31%), iron ore ...
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In Q3 FY2020, the automotive output volume 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 av♕eraged at 7.56mn units. On a quarterly basis, ...
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India’s chemicals industry is higౠhly diversified, covering more than 80,000 commercial products. It is broadly classified into basic chemicals, specialty chemicals and agrochemicals. Domestic chemical production is highly concentrated in the ...
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Turkey has small oil and gas reserves and relies on imports to fuel the growth of its economy. In order to secure the availability of energy the government participates in large international projects with oil and gas-ri𓂃ch neighbours such as ...
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The 🐼Russian insurance sector remains underdeveloped compared to global and evenꦐ emerging market standards. The sector’s penetration, measured by the percentage of total premiums to GDP, stood at 1.53% in 2018, below the world average of 6.09% ...
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Indian ICT is a dynamic sector which both shapes customer needs and reflects the country’s fastchanging demographic and social situation. More affordable smartphones and falling voice and data serviceܫ prices have catered to this group’s ...
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In the past two decades, Latin America has embraced a universal health strategy, based on the principles of equity, solidarity and collective action. This strategy required steadily growing public expenditure on health in order to guaran♊tee universal ...
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