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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, monet𝐆ary authorities, stock exchanges, and collection and credit agencies.
India’s pharmaceuticals and healthcare sector has a global reputation. India accounts for approximately 20% of the worldwide market share of generic drugs, making it the leading eꦇxporter, particularly to the developing world. India is ...
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India has the second-largest ICT sector in the world in terms of number of subscribers, overcome only by China. Howev♓er, India presents low penetration rates at global level. On the bright side, there is potential for further 🍷growth in the industry. ...
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Steel sector is both the backbone of Indian economy as well as a growth promising sector. The growth of the sec🍸tor is well supported by the availability of raw material such as iron ore and cost effective labour in the country. The government has ...
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