World Information

INDIAN DEFENCE MANUFACTURING   The Indian defence manufacturing industry is a significant sector for the economy. The industry is likely to accelerate with rising concerns of national security. Demand for defence equipment in India has been growing due to the ongoing territorial disputes with Pakistan and China over the ownership of the Northern State of Kashmir and the North Eastern State of Arunachal Pradesh, respectively.   Over the last five years, India has been ranked among the top importers of defence equipment to gain technological advantages over rival countries such as China and Pakistan. To modernise its armed forces and reduce dependency over external dependence for defence procurement, several initiatives have been taken by the government to encou

  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 INDUSTRY IN INDIA India's electric vehicle (EV) market is estimated to be a Rs. 50,000 crore opportunity by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles . In 2020, India was the fifth-largest auto market, with 3.49 million units combined sold in the passenger and commercial vehicles categories. It was the seventh largest manufacturer of commercial vehicles in 2019.   The two wheelers segments dominate the market in terms of volume owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector.

  INDIAN PORTS INVESTMENTS INDIAN PORTS INVESTMENTS :-                                                             According to the Ministry of Shipping, around 95% of India's trading by volume and 70% by value is done through maritime transport. In November 2020, the Prime Minister, Mr. Narendra Modi renamed the Ministry of Shipping as the Ministry of Ports, Shipping and Waterways.   In FY20, major ports in India handled 704.82 million tonnes of cargo traffic, implying a CAGR of 2.74% during FY16-20. Thirteen major ports  in the country handle a lot of volume of container and cargo traffic. On the west coast, there are the  ports  of Mumbai, Kandla, Mangalore, JNPT, Mormugao, and Cochin. The ones on the east

Healthcare Investment in Stocks The Government of India is planning to increase public health spending to 2.5% of the country's GDP by 2025 . Healthcare has become one of India’s largest sector, both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well private players.   Indian healthcare delivery system is categorised into two major components public and private. The Government, i.e. public healthcare system, comprises lim