Retail Savings & Investments in India: Coronavirus (COVID-19) Sector Impact

2020-05-27
Price :
Published : May-2020
No. of Pages : 19

Retail Savings & Investments in India: Coronavirus (COVID-19) Sector Impact

Summary

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020.

Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with key markets across the world losing 20-50% of their value for the year to date. Many economists and institutions have cut their forecasts, with consensus global GDP growth currently at 2.6% for 2020 and many experts predicting the potential onset of recessionary environments.

A similar trend is expected in India, as economic growth in the country is set to have dipped in the first quarter of 2020 and will decelerate further if the disease is not controlled at the earliest possible opportunity. The decline will have an adverse impact on all sectors, including wealth.

This report focuses on the impact of the Coronavirus outbreak on the Indian economy and the country’s retail savings and investment market. It also highlights the measures adopted by the government to combat COVID-19. Based on our proprietary datasets, the snap shot contrasts GlobalData’s pre-COVID-19 forecasts and revised forecasts of total retail bond, deposits, equities and mutual funds holdings in terms of value and growth rates. It also analyses the effects on HNW wealth, examining the importance of different industries as a contributor to HNW wealth.

Scope

– India’s retail savings and investments are forecast to grow by a mere 0.2% over the course of 2020 as economic productivity has plummeted thanks to the impact of COVID-19. Retail equity and mutual fund holdings are expected to take the brunt of the economy’s slowdown, with respective declines of 17.5% and 12.2% anticipated.
– Retail deposits are set to fare better than initially expected courtesy of a flight to safety away from risk assets. However, more pronounced declines in risk asset holdings mean our revised total retail holdings forecast for 2020 is 5.8 percentage points lower than before the onset of COVID-19.
– HNW wealth is forecast to grow by a mere 0.5% during 2020. However, we expect healthcare – the sector with the largest contribution to HNW wealth – to hold up more robustly than others. This will aid a rapid recovery, with HNW wealth growth forecast to bounce back to 13.9% in 2021.
– Also working in India’s favor is the low contribution to HNW wealth of industries expected to be strongly hit by COVID-19, such as hotels, restaurants, and leisure as well as transport and logistics.

Reasons to Buy

– Make strategic decisions using top-level revised forecast data on the Indian retail savings and investments industry.
– Understand the key market trends, challenges, and opportunities in the Indian retail savings and investments industry.
– Receive a comprehensive insight into the retail liquid asset holdings in India, including deposits, mutual funds, equities, and bonds.

Filed in: Banking & Finance, Wealth Management
Publisher : GlobalData
More Reports
Title Price Buy Now

Philippine Insurance Industry – Governance, Risk and Compliance

Philippine Insurance Industry - Governance, Risk and Compliance Summary GlobalData's 'Philippine Insurance Industry - Governance, Risk and Compliance' report is the result of extensive research into the insurance regulatory framework in the Philippines. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and l......
$950

Employee Benefits in China 2020

Employee Benefits in China 2020 Summary China is the world's largest country, based on population. Despite being the second-largest economy in terms of nominal GDP and purchasing power parity after the US, its development is not uniform. China's social security system includes various types of social insurance schemes, and social assistance and supplementary schemes which come under DB as well as DC schemes. The Ministry of Human Resources and Social Security (MHRSS), which administers the Social Insurance Law, is the apex body responsible for the effective functioning of the country's social security system. As most social security schemes do not meet employees' requirements, several private companies offer voluntary supplementary schemes under DC scheme. The report provides in-depth i......
$1495

Retail Savings and Investments in United Arab Emirates – Coronavirus (COVID-19) Sector Impact

Retail Savings and Investments in United Arab Emirates - Coronavirus (COVID-19) Sector Impact Summary The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most of the countries across the world registering declines in their economic growth for the year to date. Many economists and institutions have cut their forecasts as a number of countries officially slipped into recession in Q1 2020. ......
$1495

Retail Savings and Investments in Brazil – Coronavirus (COVID-19) Sector Impact

Retail Savings and Investments in Brazil - Coronavirus (COVID-19) Sector Impact Summary The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most countries across the world registering declines in economic growth for the year to date. Many economists and institutions have cut their forecasts, with many experts predicting the onset of recessionary environments. A similar trend has been se......
$1495

Greece Cards and Payments – Opportunities and Risks to 2023

Greece Cards and Payments - Opportunities and Risks to 2023 Summary GlobalData's 'Greece Cards and Payments - Opportunities and Risks to 2023' report provides detailed analysis of market trends in Greece's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. ......
$2750

Payments Snapshot in Canada: Coronavirus (COVID-19) Sector Impact

Payments Snapshot in Canada - Coronavirus (COVID-19) Sector Impact Summary The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring it a pandemic on March 11, 2020. Canada has so far recorded total confirmed cases of 113,777 - much lower compared to other developed markets such as the US, the UK, France, Italy, and Germany. To date, fiscal and monetary measures worth around $192.34bn (11.08% of GDP) have been announced by the government. As part of its COVID-19 Economic Response Plan, on March 18 the Canadian government unveiled an economic st......
$1495

United Kingdom (UK) Retail Banking 2020 – Review, Forecasts, and Future Opportunities

United Kingdom (UK) Retail Banking 2020 - Review, Forecasts, and Future Opportunities Summary Growth in the UK retail banking sector has been consistent over the past decade following the global financial crisis, although COVID-19 will significantly alter trajectories and forecasts in 2020 and 2021. A V-shaped recovery is expected and could potentially see growth post-COVID-19 follow similar trends and rates to those pre-COVID-19. Following a decade of austerity, a return to this policy to reduce the deficit and debt incurred during the COVID-19 period is unlikely due to the political consequences for the government. Plans to level up and rebalance the economy are expected to continue on track, while tax cuts and the relaxation of regulation and red tape are expected to boost growth and ......
$5250

Morocco Cards and Payments – Opportunities and Risks to 2023

Morocco Cards and Payments - Opportunities and Risks to 2023 Summary GlobalData's 'Morocco Cards and Payments - Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Moroccan cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. ......
$2750

COVID-19 Impact on Mapfre SA

COVID-19 Impact on Mapfre SA Summary GlobalData's 'COVID-19 Impact on Mapfre SA ' report provides a snapshot of the impact on the Mapfre SA in light of the COVID-19 outbreak. This report provides in-depth company analysis, information and insights of COVID-19 impact on Mapfre SA. It provides the impact of revised GDP growth estimates on growth prospects of Mapfre SA, exposure of the product portfolio and exposure by country/region due to virus outbreak. The report brings together GlobalData's research, modeling and analysis expertise, giving access to information on the projected impacts of the outbreak on the insurer. Key Highlights - Exposure of the insurer to regions and countries impacted by COVID-19 - Key lines of businesses across regions where the insurer's books are potentia......
$1495

Payments Snapshot in Brazil: Coronavirus (COVID-19) Sector Impact

Payments Snapshot in Brazil - Coronavirus (COVID-19) Sector Impact Summary The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. The IMF anticipates a 5.3% decline in Brazil's GDP in 2020, while unemployment will rise to 14.7%. This will impact the country's payments industry. To mitigate the impact of COVID-19, the authorities have announced a series of fiscal measures adding up to around $236bn (12.73% of the country's GDP) to date. In an attempt to avoid or mitigate contraction in the ......
$1495
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy