Difference between revisions of "Innovative personal finance products demo prep"
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=== Personal income === | === Personal income === | ||
| + | * In some areas of knowledge services, salaries in India are [http://inhome.rediff.com/money/2007/jan/01sal.htm coming close to American salaries] in Purchase-Power Parity (PPP) terms | ||
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| + | === Personal income trends === | ||
| + | * The top end of over 700,000 people out of India's population of over one billion is estimated to have individual [http://www.rediff.com/money/2007/jan/03wealth.htm liquid wealth of about $1,00,000] (Rs 44,13,000) which is likely to go up to $1.1 million by 2009. This represents a cumulative liquid wealth of $203 billion, estimated to go up to $322 billion by 2009. These are the findings of a recent study done by market research firm Synovate. | ||
=== Ideas === | === Ideas === | ||
Revision as of 22:36, 5 January 2007
India: Overview
Overall economy
Household credit
Household leverage
- This indicates a bias towards assets based leverage than leverage on incomes in India.
- Rising incomes in India thus indicates towards tremendous opportunities for loans based on 'income potential' on either side (a) asset creation side and (b) Liablity creation side. Also, fuelling of (a) will in parallel give rise to (b).
Demographic dividend
- India's population is extremely young
- 50% of the population is under the age of 25, while 2/3rd is under the age of 35
- Over the next several decades, India's young population will strengthen the workforce
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Education
- Literacy levels are extremely low in India
- Education is in high demand
- Public education system is broken and private education is extremely expensive
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Personal income
- In some areas of knowledge services, salaries in India are coming close to American salaries in Purchase-Power Parity (PPP) terms
Personal income trends
- The top end of over 700,000 people out of India's population of over one billion is estimated to have individual liquid wealth of about $1,00,000 (Rs 44,13,000) which is likely to go up to $1.1 million by 2009. This represents a cumulative liquid wealth of $203 billion, estimated to go up to $322 billion by 2009. These are the findings of a recent study done by market research firm Synovate.
Ideas
Investing abroad
Loans
Trends
Aspirational society (society turning aspirational)
- Picture: How many homes have a....
- Text:
Lack of public education
- Picture: Children in immaculate school uniform...
- Text:
Expensive weddings
Gold
Microfinance
Peer-to-peer banking
Kitty parties
Islamic banking
Ideas
Education loans
- Tie up with educational institutions INCLUDING primary schools
Wedding loans
Streamlining microfinance
Loans based on gold
Insurance
Trends
Aspirational society
- Picture: How many homes have a...
- Text:
No medical coverage
- Picture:
- Text:
Increasing savings rate
- Picture:
- Text:
Ideas
Insurance as a saving vehicle
- Picture:
- Text:
Credit
Trends
Increasing savings rate
- Picture:
- Text:
Increasing purchasing power
Rural demand for credit
Remittances
COD (???)
Growth in retail
Mobile phone and technology penetration
Ideas
Debit cards
- Picture:
- Text: Linked to checking accounts
Mobile ATM
- Picture
- Text:
Credit cards linked to US accounts
- Credit cards in India based on credit-rating of NRI
