Insurance-Tech: Changing the Face of the Sector
Until just a few years ago, insurance was a product that had to be sold. With a limited range of off-the-shelf, one-size-fits-all products available, there
Until just a few years ago, insurance was a product that had to be sold. With a limited range of off-the-shelf, one-size-fits-all products available, there
The pandemic is credited with having fundamentally changed the way we live, work and socialize. But a closer look would reveal that it has merely
An interesting paradox – and this is not new to India – is that despite all of 65% of the population living in rural areas,
New models for life and livelihood will evolve in the post-pandemic world and those will again seek to find antifragile structures even under global pandemic scenarios.
During the festive season in October 2020, two of the largest online retailers in India reported a surge of new shoppers from smaller cities in the first two days of festive sales.
Generally, consumer habits and trends follow an evolutionary curve. But the global pandemic changed all that in one fell swoop. Consumer behaviour flipped very rapidly
The role and significance of the Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) has been increasing over time. As of the end of September
It revealed that with the pandemic accelerating, digital adoption in rural areas was strengthening. Restrictions on travel and social distancing norms nudged people in rural areas, who are equipped with technology and connectivity, to rely more on digital services for their day-to-day activities.
With unemployment rates going through the roof, there has been a phenomenal crash in demand. In such a scenario, focusing almost solely on liquidity measures can be only as good as applying some plaster. Only time will tell, but it does make one wonder whether, without demand being stimulated, these policies will ever be enough.
Although some industries, like manufacturing, will revert to physical workspaces, there is likely to be a greater tendency to hybrid models that blend working from home and trips to the workplace, once the pandemic is behind us.
With all due credit to the finance minister and her team, the Budget has the potential to support rapid growth and bring out the best is the objective of moving India closure towards USD 5 trillion economy.
These investment flows are expected in two streams – Foreign Portfolio Investment (FPI), which will be driven by the above-mentioned developments, and Foreign Direct Investment (FDI), which could result from shifts in supply chains of multinationals.