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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.
China's mobile communications equipment sector can be broadly divided into two subsectors: communication terminal equipment (e.g., mobile handsets) and communication station equipment (e.g., base stations and IoT communication modules). In 2023, the ...
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China is the world's largest producer and consumer of alcoholic beverages, producing almost one-half of the world's spirits and nearly one-fifth of the world's beer. In 2023, the country's beer output amounted to 35.6bn litres, ranking first in the ...
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China is one of the largest food producers and consumers globally. It has been the world's biggest producer of grain and meat since 2012, according to the National Bureau of Statistics (NBS). In addition, the country is the world's biggest consumer ...
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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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Turkey's infrastructure sector has undergone robust growth over the past decade, the result of sustained government emphasis and substantial allocations from the national budget towards developing the transport and energy networks. The country is ...
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In Q3 FY2024, Brent crude prices averaged USD 83.8/bbl, a decline of 3.3% q/q and 5.4% y/y due to high stockpiles in the US and a slowdown in China, raising concerns about sustained demand. In each of the months of Q3 FY2024, Brent crude prices ...
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Since FY2022, the mining and quarrying sector exhibited a rising gross value added (GVA) to the overall GVA. In FY2023, the sector's GVA stood at 1.84%, signifying an enhanced significance attributed to the implementation of government-led reforms ...
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