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.
Electronics is the world's leading traded commodity, and the industry is the world's fastest-growing as it finds application in all sectors of the economy. The electronics manufacturing sector has become the frontrunner of India's effort to become a ...
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The cement industry is a growth enabler due to its strong linkages to sectors, including construction, infrastructure, housing, transportation, coal, and power. India is the second largest cement producer in the world, with a share of 9.0% of global ...
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In Q2 FY2024, Brent crude prices averaged USD 86.7, a 10.6% q/q increase but a 13.9% y/y decline. Brent crude prices weakened by 10.8% m/m in May 2023 and by 1.0% m/m in June, but July, August and September saw Brent crude prices rise by 7.0% m/m, 7 ...
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India is a significant global producer and exporter of chemicals. India's chemical expertise spans a wide range of product categories. Despite these advantages, India is still a net chemical importer. In several key categories, India lacks adequate ...
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In FY2022, the transportation sector in India generated gross value added (GVA) exceeding INR 9.62tn, constituting 4.48% of the nation's economy. The government has formulated an all-encompassing infrastructure investment strategy that incorporates ...
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Traditional, unorganised producers and distributors dominate India's thriving consumer goods and retail sector. Modern consumer goods manufacturers and retailers are expanding into the Indian market, led by India's vast conglomerates. The COVID-19 ...
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The total assets of the scheduled commercial banks (SCBs) in India continued to expand, as credit growth remained strong amid the continuation of economic recovery, and the festive season running between October and December 2023. Total assets of ...
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The Indian insurance sector is a vital component of the country's financial system, providing financial protection to individuals and businesses. It comprises both life and non-life insurance segments, each contributing to the economic stability and ...
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