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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 int🉐ermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-in🔴surers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The s🗹teel 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 for 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, t🅠he chemicals sector still has considerable room for growth. The chemicals consumption per capita in India remains low compared with most. ...
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India’s mining and quarrying sector accounted for roughly 2.14% of India's nominal GVA in FY2𝓀020, a decline from 2.27% reported in FY2019. This sector accounted for 9.5% of total expor🦩ts and 36.1% of total imports as of FY2019 ...
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India has traditionally been a major producer of textiles. Textiles manufactur🐠ing in the country is dominated by cotton. The te𝔉xtiles and apparel industry contributes 2.3% 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 economic growth. The b൩enefits span across job creation, reduction in tr﷽ansport 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 significan𒐪t food and beverage producers and has a substantial share of the global export markets in various categories, including rice, sugar, eggs, and beef (buffalo 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 ltd contributed the maximum (17.8%) 🅰in the q/q increase in crude steel ...
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The growth of the cement sector in India is closely aligned to the prospects of housing, infrastructure🌊 and 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 in India (eꦬxcluding 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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