In the year 2018, the world crude steel production reached 1808 million tons which is 7% more than that in 2017. The finished steel production accounts for 1712 million tons in 2018 from 1587 million tons in 2017. Details as given below;
China is the world's largest crude steel producer in 2018, followed by India, Japan, and the US. The following figure depicts the total market share in Crude and finished steel as per the research report.
India is the second-largest steel Read more [...]
Travel & Tourism to be one of the world’s largest sectors, supporting over 319 million jobs and generating 10.4% of global GDP in 2018, according to data from WNWTO. The industry generates 122,891,000 jobs directly in 2018 and forecasted to grow by 2.2%. It generates jobs related to hotels, travel, airlines and other passenger transport services. As per Business Research the direct contribution of Travel & Tourism to global GDP in 2018 was $2,750.7bn (3.2% of GDP). The industry Read more [...]
The recent trends in the growth of solar energy in India points out that the solar energy is going to be the future of energy generation in India. The solar installed capacity in India in 2018 was 26 GW reflecting a higher growth rate of 53% compared to previous year. The industry reported generation of 17 GW of energy in the year 2017. The National Solar Mission of Government of India has set a higher target by 2020, and the government has taken steps t to reach the target on time. The total Read more [...]
The Banking Sector in India has undergone a paradigm shift from traditional banking to digital banking over the past decades.
In spite of the global economic turn down, the India’s Banks are sufficiently capitalized to resilient the macro-economic risks. Today there are 19 Public sectors banks are there in India including State Bank of India. In addition to that there are 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks operating in Read more [...]
There are multiple factors which influence the growth of health care system. The growing incidence of lifestyle diseases, ageing population, rising demand of affordable health delivery system, and government initiatives are a few such factors. It was further influenced by technological changes, and the tax benefits/ incentives in the health insurance.
Technology plays is going to change the overall scenario in the healthcare industry in the coming few years. Artificial intelligence helps in Read more [...]
The digital payment industry in India is stepping into new phase post the demonetization in Nov 2016. With increasing mobile internet users, progressive regulatory policies the digital payment methods are rapidly increasing among all types of consumers. Any purchase of goods or services through digital mode using internet is known as Digital Payment. The money is transferred and received online without physical interaction of hard-cash, cheque or demand draft.
The market started to see growth Read more [...]
Business planning is vital for the survival of any business. The business plan is a strategic tool for an entrepreneur. A well drafted business plan helps to focus on vital activities of an enterprise in order to make it succeed. A good business plan will have both short-term and long-term objectives. The management needs to focus on those objectives per the defined time scale.
Appropriate financial planning and forecasting give life to business plan. The financial planning includes Read more [...]