Secure shopping
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 Q2 FY2024, India's banking sector remained resilient with local lenders being driven by robust profitability, higher expectations of growth and prudent risk management. In this period, the profitability of Indian banks exceeded pre-pandemic levels ...
View more details
The Indian textile sector, ranking as the second-largest producer of MMF Fibre globally, plays a pivotal role in the nation's economy. India is the third-largest exporter of textiles & apparel worldwide, so the textiles sector significantly ...
View more details
In December 2023, the Brazilian Chamber of Construction Industry (CBIC) had forecast a decline of 0.5% y/y for construction GVA in 2023, after a pace of three consecutive years of expansion above the national economy. However, a recovery is expected ...
View more details
The real estate sector plays an important role in China's economy. In 2022, the share of the sector's sales revenue in the country's GDP reached nearly 11%. In addition, the real estate sector contributed 23.2% of the country's fixed asset investment ...
View more details
China is the world's largest producer, consumer, and exporter of steel. In 2022, China's output of crude steel reached 1bn tonnes, accounting for 52.6% of the world's total, data from the World Steel Association (WSA) showed. Due to China's enormous ...
View more details
China is the largest producer and consumer of alcoholic beverages in the world, producing one-third of the world's spirits and one-fifth of the world's beer. Its beer production ranked first in the world for 21 consecutive years. In 2022, the ...
View more details
China is the world's largest producer of grain, meat and fruit. In addition, it accounts for half of the global consumption of pork and one-fifth of the global consumption of edible oil. In 2022, the sales revenue of China's food sector rose by 4.3% ...
View more details
In recent years, China has been opening its financial services market to global investors and gradually easing access restrictions on foreign financial institutions. Insurance is at the forefront of the country's financial market opening. Since 2019, ...
View more details