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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 2023, India faced a significant surge in food inflation, with notable spikes in essential items like tomatoes and onions, pushing the y/y food inflation rate to a three-year high of 11.5% in July. Meanwhile, the Indian spirits industry exhibited a ...
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India's pharmaceutical and healthcare sector is world-renowned. India is known as the "pharmacy of the world" due to its prolific output of generic medicines and vaccines; in particular, the Indian vaccine producer, Serum Institute of India, played a ...
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The oil and gas sector is one of the eight core industries in India, a vital component of the energy mix with a ~1/3 contribution, making it a key enabler of economic growth. In 2022, crude oil and natural gas sectors had a share of 27.0% and 5.8%, ...
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Because it procures critical commodities at competitive prices, the metal processing sector is vital for end-use industries such as construction, infrastructure, automotive manufacturing, and power transmission. Lead is produced to an appreciable ...
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The infrastructure sector plays a critical role in driving the economic development of India. Presently, India exhibits a comparatively underdeveloped infrastructure about other emerging market nations. In recent years, the Indian government has ...
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In H2 FY2024, the Indian government actively shaped the regulatory policies that govern the telecommunications sector in India. In June 2023, India presented the "Ubiquitous Connectivity" concept as a potential application for the upcoming 6G ...
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In H2 FY2024, the Indian government intensified its efforts to reform the nation's insurance sector. The government released additional information regarding the "Bima Trinity" in this half-year. These three policies are designed to achieve the ...
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The steel industry is vital to driving economic growth and advancement in India, serving as a crucial raw material with strategic importance for sectors such as automotive, construction, and transportation. Its significant influence is highlighted by ...
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India continues to shine brightly in the global steel industry, with growth fueled by government infrastructure spending and a rebound in private investment within the construction sector. The steel industry holds a key position in vital sectors like ...
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