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Financial Services: Feb 2011

February, 2011

India is among the fastest-growing economies in the world, with a real GDP growth rate of 7.4 per cent in 2009–2010. India has a strong financial regulatory system, administered by Reserve Bank of India (RBI) and supported by regulatory body such as Securities and Exchange Board of India (SEBI), which govern capital markets and mutual funds, among other financial institutions.

India has 19 recognisedstock exchanges. The NSE and the BSE are the main exchanges, with the NSE contributing more than 75 per cent of the turnover.

The Indian financial market is growing rapidly, with significant potential for further growth.

(NSE is ranked 17th in terms of value of shares traded in the world during 2010 till October end)

India’s high savings rate offers significant opportunity to channelise resources into the financial markets. RBI projects India’s gross domestic savings to be 34 per cent in FY11, which is likely to increase to 35.3 per cent by FY12.

Foreign Institutional Investors (FII) investment in India in 2009–2010 was close to US$ 23 billion (INR 1,102 billion). The services sector in India, including financial services, attracted the maximum FDI between April 2010 and September 2010, amounting to US$ 2,067 million.

Sectoral Presentation (November 2010)

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