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Rising incomes ͻNo of households with annual income above US$ 10000 increases from 6.07 mn in 2006 to 9.37 mn (4% of all
increase demand households) in 2008. Projected to grow 107% by 2013
for financial ͻMore than 39 mn (18% of the total) and 53 mn households(24% of the total) are estimated to have income of
services US$ 5000 and US$ 3000-5000 respectively in 2008
ͻPersonal disposable income (in local currency terms) is set to grow at an average annual rate of 9.1% in 2009-
Retail lending 13
booming ͻMcKinsey forecasts CAGR of 30% for credit cards, 24% for mortgages, 22% for personal loans, 20% for MF,
13% for securities
Liquidity remains ͻFII reinvestUS$ 8.50 bn (87%) in FY 2010 after they pulled out US$ 9.77 bn from Indian equity markets in 2009
ͻBut the financial sector attracts only 47% of total savings of Indian households though they are among the
abundant highest savers
Pvt players ͻDeregulation of interest rates, easy accessiblity to capital market, relaxation of entry norms, entry of
entering Non multinationals augment a competitive enviroment
bank finance ͻDomination of state owned financial institutions though overstaffed and saddled with high levels of non
performing loans.
sector
ͻCorporate restructuring activities like mergers and acquisitions, PSU disinvestments on the rise
Business
ͻGovt controlled commercial and development banks, insurance cos, UTI major fund providers for both local
investment and foreign invested enterprises