sj_admin
July 15, 2017
Power is an indispensible element of growth and development. Whatever the sector or industry it may be, power and energy in different form is the catalyst for economic and industrial advancement. The Government of India has identified power sector as a key sector of focus so as to promote sustained industrial growth. The Government of India launched a scheme called “Power for All” in order to provide adequate electricity by March 2019, thereby accelerating capacity addition. This scheme is aimed at ensuring continuous and uninterrupted electricity supply to all households, industries and commercial establishments by creating and improving necessary infrastructure. This move shall encourage innovation and research and development in the field of power generation using conventional and non-conventional means thereby ensuring sustained industrial development.
sj_admin
July 15, 2017
India is currently the world’s second-largest telecommunications market. Indian telecom industry has witnessed the effects of liberalization and globalization since 1990s and stands tall today as one the most competitive and fastest growing telecom markets. Telecommunication has played a vital role in the socioeconomic development of India and has provided an appreciable mode to narrow down the rural-urban digital divide to some extent. With daily increasing subscriber base, there have been a lot of investments and developments in the sector. The future of this industry is unparalleled.
sj_admin
July 15, 2017
This industry is the backbone of any economy. It is the connector between various industries and consumers. Its growth and development depends on the growth of other sectors. It is proportionately dependent on the infrastructure industry since both work hand in hand and progression of one leads to betterment of the other. The industry is witnessing a shift from the traditional set up to a more innovative, cost effective mode which combines technology and infrastructure to provide faster and reliable services. Yet, the companies will need to invest in automation, while utilising existing resources well.
sj_admin
July 15, 2017
The Indian health care industry is witnessing an upsurge due to the increased capital investment and advanced diagnostic facilities, availability of large pool of well trained professionals, increased foreign direct investment and favourable governmental policies. In the 2017-18 Union Budget, the overall health care budget has increased thereby encouraging domestic manufacturers and promoting generic affordable drugs. The recent trend of medical tourism also gaining momentum as India is cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe. This sector has bright prospects of growth and development.
sj_admin
July 15, 2017
With the increasing paying capacity and foreign investors bringing in innovative ideas and a bend towards corporatizations, the demand for luxury facilities has increased manifolds. The industry caters to beyond basic amenities and specialised divisions are being carved out under each organisation to basically address specific customer needs since the demand for fancier services is the recent norm. The latest GST regime has imposed higher taxes and the domestic industry expects stiff competition with neighbouring international tourism industry due to their cost effective competitive tax structures.
sj_admin
July 15, 2017
India’s life insurance sector is the biggest in the world and the insurance industry plans to hike penetration levels to five per cent by 2020. With the aid of government initiatives and changes in regulatory framework coupled with some major developments and investments lined up in this sector, the future looks quite encouraging for the insurance industry.
sj_admin
July 15, 2017
The Indian banking system consists of broadly scheduled and non-scheduled banks which can be further commonly categorised into public sector banks, private sector banks, foreign banks, regional rural banks, urban cooperative banks and rural cooperative banks, in addition to cooperative credit institutions. Public-sector banks control nearly 80 percent of the market, thereby leaving comparatively much smaller shares for its private peers. Indian banking industry has recently witnessed tremendous innovation in its operational activities thereby making the entire system more customer friendly. These innovations encourage new banking models like card less transactions, small finance banks, mobile banking, etc. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. The latest government schemes and policies are encouraging greater deposits so as to ensure improvised liquidity and lending operations.
