With turnover of USD176 billion, India accounts for 8.2% of the Asia Pacific total in 2023. The industry’s profitability decreases and stands at 61.2% of turnover in 2023, the highest regionally. The costs of the industry decrease by 1.5% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 7,518,749 units. The industry is fragmented, with the top five companies generating 37.6% of total production value in 2023. State Bank of India is the largest company in India, generating 16.7% of the industry’s total turnover value in 2023. B2B drives market demand, with B2B spending representing 64.6% of total demand in 2023.
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This Euromonitor industrial report provides unique information on Monetary Intermediation in India: ISIC 651. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Monetary Intermediation in India: ISIC 651 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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