India Banking & Financial Services Q2 2018
The Indian financial services sector net value added (NVA) is set for 10.9% growth in 2018 to nearly USD160bn in 2018and is forecast to exceed USD359bn by 2027. While the main weakness is the poor asset quality in the banking sector, the insuranceindustry and capital markets are seeing rapid growth amid strong growth in middle-class household incomes. Equity markets are ona bull run that is driven by positive investor sentiment and in spite of slow economic growth, and these should help boost India'smutual fund sector.
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