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Indian aviation market has huge potential waiting to be tapped

by AIP Online Bureau | Jul 19, 2023 | Data, Eco/Invest/Demography

The industry experts concurred that the growth in the aviation sector will in turn fuel the growth in the tourism sector, both of which were badly hit globally after the outbreak of the COVID-19 pandemic, but have shown resilience, and are recovering on the right...

Road accidents top cause for youth’s, kids’ death globally; India loses 1.5 m lives every year: FICCI-EY report

by AIP Online Bureau | Jul 19, 2023 | Data, Eco/Invest/Demography, Non-Life

”1st rank in road fatalities is held by India (11 per cent share in the world). Every year India loses 1.5 million lives in road crashes…Every year we lose a number of people the size of the population of Estonia,” the report titled ‘Road Safety in...

India needs average annual growth of 7.6 pc to become developed nation by 2047: RBI article

by AIP Online Bureau | Jul 17, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

It also said that to become a developed country by 2047, India’s per capita GDP needs to rise by 8.8 times from the current level. In other words, the current per capita GDP of USD 2,500 needs to rise to to USD 22,000 Mumbai: India could become a developed country by...

Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report

by AIP Online Bureau | Jul 17, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...
Luxury car market in India poised for record sales in 2023 after stellar H1 numbers

Luxury car market in India poised for record sales in 2023 after stellar H1 numbers

by AIP Online Bureau | Jul 17, 2023 | Data, Eco/Invest/Demography, Non-Life

BMW Group India President Vikram Pawah said, ”In the second half also we will break records… It will be even better (than H1) with supplies becoming normal. We’ll be having a record year if all things remain constant in the economy. The demand seems...
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