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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.
Malaysia has a well-established insurance industry, with some players in the market for over a century. Malaysia's traditional insurance players are supplemented by a world-leading takaful industry, which supplements the conventional insurance ...
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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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India is one of the world's most significant food and beverage producers as it occupies leading positions in the global production of rice, wheat, maize, centrifugal sugar, coffee, banana, poultry meat and shrimp. Nevertheless, India's food and ...
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The Indian government recognises that the chemicals sector is a crucial foundation for India's economic development. Thus, the government takes a liberal approach to attract foreign investors into the industry. The government allows 100% FDI under ...
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India is the second-largest producer of cement in the world, accounting for more than 7% of the global installed capacity after China. However, India's per capita cement consumption at ~242kg is less than half of the world average of 525kg, as per ...
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In Q3 FY2023, the total assets of the SCBs sustained their growth trajectory, reaching at least INR 193.64tn by the end of December 2022. Notably, assets grew by 12.4% y/y in Q3 FY2023, compared to 14.0% y/y in the previous quarter and by 2.56% q/q, ...
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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 11%. In addition, the real estate sector contributed 23.2% of the country's fixed asset investment (FAI) ...
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