| India has the credit of holding one of the most developed financial markets in the developing world. A close look at the gamut of financial market will display some prospective figures. In the last four years, there has been a significant growth in the capital market, as the demat accounts have increased from 67 lacs to more than 120 lacs. The insurance market is also promising and is expected to be around US$40 billion by 2010.The Mutual fund industry has also taken a leap and the Assets under Management (AUM) are expected to grow by 15% till 2010. |
