by AIP Online Bureau | Sep 19, 2024 | Eco/Invest/Demography, Indian News, Policy
The country has emerged as the fastest-growing large economy at an 8.2 per cent growth rate in FY24, significantly exceeding the government’s earlier estimate of 7.3 per cent Mumbai: India is on track to become the third-largest economy by fiscal 2030-31, driven...
by AIP Online Bureau | Sep 18, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
By using Russian insurers, Moscow can sell the oil above a $60 per barrel price cap that the Group of Seven (G7), the European Union and Australia imposed aiming to limit Russia’s oil revenue following its invasion of Ukraine. Over 60% of Russia’s seaborne...
by AIP Online Bureau | Sep 17, 2024 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy
“The wealth of rich Indians is growing at a rapid pace; between FY19 and FY24, the number of Indians earning over Rs50 mn grew by 49 percent to 58,200, while those earning over Rs100 mn increased by 63 percent to around 31,800,” said the report New Delhi:...
by AIP Online Bureau | Sep 15, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management, Technology
“Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs,” said Vivek Belgavi, Partner and Leader...
by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management, Wealth Management/ Philanthropy
As per the report, as of FY23, India’s household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...
