*The AUM of the Indian MF Industry has grown from Rs. 9.16 trillion (US$ 110.63 billion) in 2014, to Rs. 64.97 trillion (US$ 780.70 billion) in July 2024, growing ~6x in a span of 10 years.
*Investment corpus in Indian insurance sector might rise to US$ 1 trillion by 2025.
*With >2,100 fintechs operating currently, India is positioned to become one of the largest digital markets with rapid expansion of mobile and internet.
*India benefits from a large cross-utilization of channels to expand reach of financial services.
*Emerging digital gold investment options.
*In the Union Budget 2022-23 India announced plans for a Central Bank Digital Currency (CBDC) which will be known as Digital Rupee.
*The government has approved 100% FDI for insurance intermediaries and increased FDI limit in the insurance sector to 74% from 49% under the Union Budget 2021-22.
*Credit, insurance and investment penetration is rising in rural areas.
*HNWI participation is growing in the wealth management segment.
*Lower mutual fund penetration of 5-6% reflects latent growth opportunities.
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
The electric vehicle (EV) market around the globe is experiencing significant expansion, as countries aim to reduce carbon emissions and transition to...
India is undergoing a transformative shift toward renewable energy, driven by the need to sustainably meet its growing demand for electricity while re...
Hydrogen energy is emerging as a pivotal piece in the global shift towards sustainable energy solutions, particularly as the world grapples with an ur...
India has become the most populous country in the world, with its populatio...
Unemployment, an important macro-economic indicator that indicates the perc...
India’s restaurant industry is in the midst of a significant transfor...