India Insurance - Govt. Proposed to Lift FDI Cap to 49%By: Shushmul Maheshwari
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India Insurance - Govt. Proposed to Lift FDI Cap to 49%
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The Indian government has proposed to increase FDI in the insurance sector to 49%. Currently, only up to 26% FDI is allowed in the Indian insurance sector under the automatic route subject to obtaining a license from Insurance Regulatory Development Authority (IRDA). According to “Booming Insurance Market in India (2008-2011)”, a recent report from RNCOS, the Indian insurance market, particularly life insurance sector, will get a strong boost from the proposed FDI hike. Increasing limit to 49% is expected to raise the FDI in life insurance sector by around 2.5 times from the present level of approx Rs 2,500 Crore.
The senior insurance industry analyst at RNCOS opined, “The proposed increase in FDI will attract more foreign inflow into the Indian economy and strengthen the country’s insurance industry. This increase (in FDI) will bring more capital and help the sector in maintaining the growth momentum. The insurance sector has been in strong need of the capital investment, in fact, the requirement has increased dramatically due to recent losses on unit-linked products with weak stock market. Also, being a capital intensive sector, the insurance sector requires huge investments over a prolonged period of time, and therefore, there is constant need for capital infusion that can be met through FDI.”
Increasing FDI limit will also encourage the insurance sector to come up with more innovative distribution channels, enrich the current product portfolio, upgrade technology, and bring best global practices into the country. Beside this, raising FDI cap would also help insurers to expand their coverage to rural and micro-insurance segments as penetration in rural and remote areas require additional capital infusion.
“Booming Insurance Market in India (2008-2011)” provides an exhaustive research and rational analysis on the Indian insurance market. This study provides an overview on the factors driving the insurance industry, coupled with the forces which are blocking the growth. The report, based on extensive quantitative and qualitative analysis, gives forecast on vital industry parameters, like cars & commercial vehicle registrations, outbound tourists, medical equipment market, lending by financial institutions, IT spending, non-life insurance market, and health insurance premium.
This comprehensive study will help the clients to assess current market trends and identify the market dynamics and opportunities critical to their success in the country.http://www.rncos.com/ |
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| Keywords |
Booming Insurance Market in India (2008-2011), Indian Insurance Market, Insurance Market in India, Insurance Industry, Market Research Report |
| Category |
Business |
| Submission Date |
Apr 25, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Branded Clothes Demand Rising in Vietnam
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With growing brand awareness, fashion consciousness and rising demand for quality clothes, sales of clothes in Vietnam are projected to grow at a CAGR of around 15% by the end of 2012, says “Vietnam Retail Analysis (2008-2012)”, a new research report from RNCOS.
The report further says that while Vietnam’s domestic garment market is largely export-oriented, local demand for better quality clothing is also keeping pace with rising brand awareness and consumer-oriented society.
Domestic textile/garment industry recorded sales growth at the rate of more than 15% per year, accounting for one fourth of the total production in the country. Popular fashion brands such as Giordano, Mango, D&G, Gucci, Bossini and Valentino have been well accepted by Vietnamese, but genuine label products are still unaffordable for most of the people. Interestingly, Chinese brands like Bossini, Giordano and Mango received good response from people living in big cities owing to their affordable price range.
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The report also provides forecast on various segments of Vietnam retail industry, including disposable income, total retail sales, retail sales of footwear, retail sales of cosmetics and toiletries and retail sales of household cleansing products.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM097.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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RNCOS Releases a New Report- Booming Retail Sector in India
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RNCOS has recently added a new Market Research Report titled, "Booming Retail Sector in India" to its report gallery. The research report helps the client to analyze the opportunities and factors that will make the Indian retail industry a success.
India is one of the most attractive destinations for retailers from all across the globe. Thanks to the entry of corporate, changing consumer behavior & lifestyle, increasing influence of western culture and rising income, the Indian retail industry has seen phenomenal growth in the last five years (2001-2006) and organized retailing has finally emerged from the shadows of unorganized retailing and is contributing significantly to the growth of the overall retail sector.
Key Findings
- Organized retail market in India is expected to reach US$ 50 Billion mark by 2011.
- Number of shopping malls is expected to increase at a CAGR of more than 18.9% from 2007 to 2015.
- Rural market is projected to dominate the retail industry landscape in India by 2012 with total market share of above 50%.
- Organized retailing of mobile handset and accessories is expected to reach close to Rs. 5000 Crore by 2010.
- Driven by the expanding retail market, third party logistic market is forecasted to reach US$ 20 Billion by 2011.
- Apparel, along with food and grocery, will lead the organized retailing in India.
Key Issues Analyzed
- What is the market size and scope of the retail industry in India?
- What are the current market trends?
- What are the growth prospects and issues related to the industry?
- What is the segment-wise size of the organized market and what are the growth prospects of the market?
- What are the opportunities and challenges faced by the industry?
- Who are the major players in the Indian retail industry and what are the latest developments?
Key Players Analyzed
This section covers the key players currently operating in the Indian retail industry, including Subhiksha, Reliance Retail Ltd, Pantaloon Retail (India) Ltd., etc.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
For FREE SAMPLE of this report visit: http://rncos.com/Report/IM112.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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RNCOS Releases a New Report- Booming Consumer Electronics Market in India
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RNCOS has recently added a new Market Research Report titled, “Booming Consumer Electronics Market in India” to its report gallery. India has an increasingly affluent middle class population that, on the back of rapid economic growth, has made the country’s consumer electronics industry highly dynamic. The industry has been witnessing significant growth in recent years due to several factors, such as retail boom, growing disposable income and availability of easy finance schemes. But still, the consumer electronics goods, like refrigerators, microwave and washing machines, have low penetration in the country, representing vast room for future growth. This is attracting many foreign majors to the country, says our new research "Booming Consumer Electronics Market in India”.
The report finds that since the penetration of several products like TVs and refrigerators are reaching saturation in the urban areas, the markets for these products are shifting to the semi-urban and rural areas.
This analytical research thoroughly evaluates the Indian consumer electronics industry. It briefly discusses about the current and emerging trends in the industry, underlining the future potential areas and key issues crucial for the industry development.
"Booming Consumer Electronics Market in India” offers extensive research on various consumer electronics products that are broadly classified as home appliances, audio/video appliances, mobile handsets, and PC market. It provides an insight into the emerging and potential future trend in all the categories and highlights the key strategies that need to be worked upon to get success in the highly competitive industry.
The report thoroughly analyzes the historic performance and future prospects, offering 4-year industry forecast, of following consumer electronics products:
- Washing Machines (Semi-automatic & Fully Automatic)
- Television
- Set-top Box
- Refrigerator (Frost-free & Direct Cool)
- Air Conditioner
- Microwave Oven
- MP3 Players
- Digital Camera & Camcorder
- Mobile Handsets
- PCs (Desktop & Notebook)
Key Research Findings:
- Propelled by growing middle class population, changing lifestyle and rapid urbanization, the Indian consumer electronics industry is forecasted to grow at a rapid rate of 10% to 12% in the coming few years.
- Volume sales of washing machine will be driven by growth in fully automatic category during 2008-09 to 2011-12.
- The market for televisions in India is changing rapidly from the conventional CRT technology to Flat Panel Display Televisions (FPTV). Currently, the split between CRT and FPTV is around 97% and 3% respectively, and the share of FPTV is projected to increase at robust rate in near future.
- Frost-free refrigerator sales, certainly growing at a much faster pace than the direct-cool category, are anticipated to drive the Indian refrigerators market over the forecast period.
- The AC market in India is projected to grow at 30% to 35% for the coming few years.
- Driven by young population, demand for MP3 players and digital video appliances are anticipated to surge at double-digit rate in near future.
- The low penetration level of consumer electronics goods coupled with increasing preference for comfort and luxurious goods are widely attracting the foreign as well as domestic players to the industry.
For more information visit: http://www.rncos.com/Report/IM157.htm
Current Industry News: http://www.rncos.com/Blog/
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