BFSI driving India’s youth
#1
The financial sector, one of the largest sectors in any nation, is also one of the most important gauges of an economy’s growth. In recent years, the happenings around the world have demonstrated that even the world’s largest economies are not immune to turmoil; however, amidst all this, India has sustained its annual growth rate of 8% over the past four years, greatly aided by the development in the financial sector.
Over the past several years, India has displayed exceptional performance in the Banking, NBFC, Mutual Fund and Insurance industries, which in turn has created huge opportunities for both growth and employment. There are currently around 120 banks in India, and the BFSI sector is likely to create up to 20 lakh new jobs in the next 5–10 years.
 The Government of India has emphasised time and again that a resource such as human resource is a treasure trove for any country.
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