Financial Services in India:
India is the ninth largest stock market in the world, its market was worth $1 trillion in June 2009. The country is the fifth largest life insurance market in the emerging insurance economies globally, while growing at 32-34% annually. The insurance market in India is projected to grow to $260 billion by 2011. In December 2009, the average assets were $173 billion under management of the mutual fund industry, an increase of 88% from $92 billion in December 2008.
Top companies from the United Kingdom and the United States, among others, are already active in India’s financial markets:
– Merrill Lynch
– Oppenheimer
– J.P. Morgan
– Morgan Stanley
– Grindlays
– Standard Chartered
– Hong Kong and Shanghai Banking Corporation (HSBC)
Last updated: December 18th, 2013
