World Information

  INDIAN E-COMMERCE INDUSTRY   E-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to US$ 111.40 billion by 2025 from US$ 46.2 billion as of 2020. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration. As of September 2020, the number of internet connections in India significantly increased to 784.6 million, driven by the ‘Digital India’ programme.  Out of the total internet connections, 61% connections were in urban areas, of which 97% connections were wireless.   The Indian online grocery market is estimat

  INSURANCE INDUSTRY   The insurance industry of India has 57 insurance companies 24 are in the life insurance business, while 34 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. There are six public sector insurers in the non-life insurance segment. In addition to these, there is a sole national re-insurer, namely General Insurance Corporation of India (GIC Re). Other stakeholders in the Indian Insurance market include agents (individual and corporate), brokers, surveyors and third-party administrators servicing health insurance claims.   In India, the overall market size of the insurance sector is expected to US$ 280 billion in 2020. The life insurance industry is

AUTOMOBILE COMPONENTS India’s export of auto components increased at a CAGR of 7.6% during FY16-FY20 as the value increased from US$ 10.83 billion in FY16 to US$  14.5 billion in FY20. The Indian auto-components industry has experienced healthy growth over the last few years. The auto-components industry expanded by a CAGR of 6% over FY16 to FY20 to reach US$ 49.3 billion in FY20. The industry is expected to reach US$ 200 billion by FY26.   Due to high development prospects in all segments of the vehicle industry, the auto component sector is expected to rise by double digits in FY22.