Financial Services Industry in India Financial services forms the backbone of a country’s economic growth and development. The country’s financial services sector consists of capital markets, insurance, and non-banking financial companies (NBFCs).
India’s gross national savings (GDS) as a percentage of Gross Domestic Product (GDP) stood at 30.73% in 2020. In FY21, US$ 4.25 billion was raised across 55 initial public offerings (IPOs).
Read the analysis to know more about the industry.
Credits:- Abhishek Gahilod and Gaurav Ambildhuke
VittArth | Konsult | VittNivesh 