comment on growing of a financial industry as a whole?
Introduction
The Finance Industry Has Pried into Every Sector of the Economy, and Has Ended Up Running the Whole Show. Finance has moved to capture the economy at large, industry and mining, public infrastructure, and now even the educational system.
The growth of financial sector in India at present is nearly 8.5% per year. The rise in the growth rate suggests the growth of the economy. The financial policies and the monetary policies are able to sustain a stable growth rate. The Reserve Bank of India (RBI) played a dynamic role in the growth of the financial sector of India.
Discussion
The growth of financial sector in India was due to the development in sectors;
1.Growth of the banking sector in India
The banking system in India is the most extensive. The total asset value of the entire banking sector in India is nearly US$ 270 billion. The total deposits is nearly US$ 220 billion. Banking sector in India has been transformed completely with the inclusions of Internet banking and Core banking.
2 Growth of the Capital Market in India
•The ratio of the transaction was increased with the share ratio and deposit system:
•The removal of the pliable but ill-used forward trading mechanism
•The introduction of infotech systems in the National Stock Exchange (NSE) in order to cater to the various investors in different locations
•Privatization of stock exchanges
3.Growth in the Insurance sector in India:
•With the opening of the market, foreign and private Indian players are keen to convert untapped market potential into opportunities by providing tailor-made products.
•The insurance market is filled up with new players which has led to the introduction of several innovative insurance based products, value add-ons, and services. Many foreign companies have also entered the arena.
•The competition among the companies has led to aggressive marketing, and distribution techniques.
•The active part of the Insurance Regulatory and Development Authority (IRDA) as a regulatory body has provided to the development of the sector.
4 Growth of the Venture Capital market in India:
•The venture capital sector in India is one of the most active in the financial sector inspite of the hindrances by the external set up.
•Presently in India there are around 34 national and 2 international SEBI registered venture capital funds
Conclusion
The growth in the financial sector as a whole is stagnant and depends upon the other factors of the economy, the government had made great efforts to achieve this growth in the banking sector.“Very few thousand students got education loans ten years ago. Now lakhs of students were availing the education loan.
Crores of Self-Help groups were availing loans.” This is how the banking service has expanded,”The expansion benefited lakhs of people in various sectors and thus financial industry is immensely powerful and hugely important for any economy as it governs and effects all other sectors.
Introduction
The Finance Industry Has Pried into Every Sector of the Economy, and Has Ended Up Running the Whole Show. Finance has moved to capture the economy at large, industry and mining, public infrastructure, and now even the educational system.
The growth of financial sector in India at present is nearly 8.5% per year. The rise in the growth rate suggests the growth of the economy. The financial policies and the monetary policies are able to sustain a stable growth rate. The Reserve Bank of India (RBI) played a dynamic role in the growth of the financial sector of India.
Discussion
The growth of financial sector in India was due to the development in sectors;
1.Growth of the banking sector in India
The banking system in India is the most extensive. The total asset value of the entire banking sector in India is nearly US$ 270 billion. The total deposits is nearly US$ 220 billion. Banking sector in India has been transformed completely with the inclusions of Internet banking and Core banking.
2 Growth of the Capital Market in India
•The ratio of the transaction was increased with the share ratio and deposit system:
•The removal of the pliable but ill-used forward trading mechanism
•The introduction of infotech systems in the National Stock Exchange (NSE) in order to cater to the various investors in different locations
•Privatization of stock exchanges
3.Growth in the Insurance sector in India:
•With the opening of the market, foreign and private Indian players are keen to convert untapped market potential into opportunities by providing tailor-made products.
•The insurance market is filled up with new players which has led to the introduction of several innovative insurance based products, value add-ons, and services. Many foreign companies have also entered the arena.
•The competition among the companies has led to aggressive marketing, and distribution techniques.
•The active part of the Insurance Regulatory and Development Authority (IRDA) as a regulatory body has provided to the development of the sector.
4 Growth of the Venture Capital market in India:
•The venture capital sector in India is one of the most active in the financial sector inspite of the hindrances by the external set up.
•Presently in India there are around 34 national and 2 international SEBI registered venture capital funds
Conclusion
The growth in the financial sector as a whole is stagnant and depends upon the other factors of the economy, the government had made great efforts to achieve this growth in the banking sector.“Very few thousand students got education loans ten years ago. Now lakhs of students were availing the education loan.
Crores of Self-Help groups were availing loans.” This is how the banking service has expanded,”The expansion benefited lakhs of people in various sectors and thus financial industry is immensely powerful and hugely important for any economy as it governs and effects all other sectors.
Fair Attempt but > 500 words?????
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