印度金融服务业分析(11月)（英文）.docx

FINANCIAL SERVICES
November 2018
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Table of Content
Executive Summary 3
Advantage India 4
Market Overview 6
Recent Trends and Strategies 16
Growth Drivers and Opportunities 19
Key anisations 29
Useful Information 31
EXECUTIVE SUMMARY
Gross national savings above 30 per cent of GDP
India’s HNWI population to double by 2020
Robust AUM growth
Fundraising via IPOs on the rise
Note: NBFC – Non-Banking pany
Source: IMF, ICRA, Economic Times, Capgemini Wealth Report, Aranca Research, EY report
Financial Services
ADVANTAGE INDIA
ADVANTAGE INDIA
Rising es are driving the demand for financial services across e brackets.
Financial inclusion drive from RBI has expanded the target market to semi-urban and rural areas.
Investment corpus in Indian insurance sector can rise to US$ 1 trillion by 2025.

ADVANTAGE INDIA
India benefits from a large cross-utilisation of
channels to expand reach of financial services.
Maharashtra has launched its mobile wallet facility allowing transferring of funds from other mobile wallets. Maharashtra is the first state to launch it.
As of October 2018, the Financial Inclusion Lab has selected 11 fintech innovators with an investment of US$ million promoted by the IIM-Ahmedabad's Bharat Inclusion Initiative (BII) along with JP Morgan, Michael and Susan Dell Foundation, and the Bill and Melinda Gates Foundation.
Credit, insurance and investment ration is rising in rural areas.
HNWI participation is growing in the wealth management segment.
Lower mutual fund ration of 5–6 per cent reflects latent growth opportunities.
The Government of India launched India Post Payments Bank (IPPB), to provide every district with one branch which will help increase rural ration. As of August 2018, two branches out of 650 branches are already operational.
Government has approved new banking licenses and increased the FDI limit in the insurance sector.
Gold ization Scheme, 2015, Atal Pension Sc