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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 its October 2022 meeting, OPEC+ decided to cut oil production by 2mn bbl/day until the end of 2023 on concerns of demand despite a call from other nations to refrain from doing so. As a result, in October 2022, WTI averaged USD 87.55/bbl which was ...
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India's banking sector is composed of public sector banks, private sector banks, foreign banks, and small finance banks along with co-operative banks (urban and rural), and non-banking financial institutions (NBFIs). The sector is regulated and ...
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The tourism sector holds immense significance in the Indian economy, contributing to its growth and development. It is a multi-faceted industry that encompasses a wide range of activities, including hospitality, transportation, travel agencies, and ...
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The real estate sector in India is one of the significant contributors to the country's economy. It comprises four sub-sectors, namely residential, commercial, retail, and hospitality. The sector has a significant impact on various related industries ...
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The construction sector is one of the most important pillars of the Indian economy, contributing significantly to the country's development in terms of employment generation, state-of-the art infrastructure creation, housing development, multiplier ...
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India is the world's third-largest producer and consumer of electricity. On a per capita basis, as per CEA, the electricity consumption stood at 1,255KWh in FY2022, which is approximately 1/3rd the global average. As the economy grows, electricity ...
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The Indian transportation industry contributed more than INR 7.06tn in gross value added (GVA), accounting for 3.56% of the national economy in FY2021. However, because it is a crucial enabler of business and economic development, the sector has a ...
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The steel industry is one of the crucial industries for Indian economic growth and development. Steel gets its importance from being the key raw material for today's modern world. The sector has strong forward and backward linkages as its supports ...
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India's pharmaceuticals and healthcare sector is globally renowned. India has a reputation for being the “pharmacy of the world" thanks to its prodigious output of generic medicines and vaccines; notably, the Indian vaccine producer, Serum ...
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Crude oil prices softened in March 2023 due to concerns emanating from the turmoil in the financial services sector in the US and Europe, which could have a contagion effect and take a toll on global economic growth. WTI prices for crude oil in ...
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