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 India, agriculture is the primary source of livelihood for close to 60% of households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to India’s GDP. India is home to over 20 agri-climatic regions, ...
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India’s IT industry consists of IT services and Hardware and Business Process Management (BPM). E-Commerce has officially been part of the BPM segment of this industry since FY2013, reflecting its substantial contribution to industry revenues. ...
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China’s beverage sector reported a significant decrease in revenue in the first quarter of 2020, due to the coronavirus pandemic. Beverage retail sales in January-March 2020 were down by 3% y/y to RMB 46.8bn. In Q1 2020, all alcoholic ...
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Thailand’s pharmaceuticals and healthcare sector has strong growth potential. Thailand is one of the most rapidly aging societies in the world. As the population ages, Thailand is facing an increase in the incidence of non-communicable diseases ...
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The retail sector is one of the largest and the most important sectors of the Polish economy, being one of the main drivers of its sustained growth in recent years. This can be attributed to the rising income levels, job security and overall quality ...
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India is the third largest consumer of energy and oil after China and the US, as of 2018. It is also the fourth largest importer of Liquefied Natural Gas (LNG). Despite being one of the largest consumers of these fuels, the reserves available within ...
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Due to the focus on traditional banking products and the austere financial supervision, the Polish banking system has weathered down the crises of the last two decades very well and remains well capitalised and non-volatile. Still, Poland is ...
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Turkey’s automotive sector was badly hit by the economic recession in the country, which was sparked by the sharp depreciation of lira in the summer of 2018. Despite the government’s efforts to support the domestic market, car sales ...
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The ICT sector is in a dynamic environment, as it is in the midst of evolving technology, changing government policy, heightened competition and shifting consumer demand. The focus on the ICT sector has increased as it is the key enabler of ...
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The direct and indirect economic contribution of Brazil’s tourism and leisure sector reached BRL 551.5bn (USD 139.9bn) in 2019 or 7.7% of the country’s GDP, according to the World Travel and Tourism Council (WTTC). The sector has a major ...
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