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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 total assets of the scheduled commercial banks (SCBs) in India continued to expand, as credit growth remained robust amid the continuation of economic recovery and reached at least INR 209.20tn by the end of June 2023, compared to INR 200.28tn by ...
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The steel industry is a crucial driver of economic growth and development in India. Steel is a key raw material for a wide range of industries, including automobiles, construction, and transportation. The steel industry has strong forward and ...
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In FY2022, the mining and quarrying sector contributed approximately 1.83% of India's nominal GVA. As of FY2022, minerals and ore represented 0.9% of total exports and 5.38 % of total imports. India produces four fuels, 10 metallic minerals, 23 ...
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India is a major global player in the gems and jewellery industry. Approximately 90% of the world's rough diamonds mined worldwide pass through India, where they are polished and processed. After China, India is the world's second most voracious gold ...
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The infrastructure industry in India is vital to the nation's economic growth. India's infrastructure is presently relatively underdeveloped when compared to other emerging market countries. The Indian government has made significant investments in ...
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