Innovative personal finance products demo prep

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India: Overview

Overall economy

Household credit

Household credit
Household credit

Household leverage

Household financial leverage

Demographic dividend

India Population Pyramid - 2010
India Population Pyramid - 2020
India Population Pyramid - 2050

Education

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Low levels of literacy
Children in immaculate school uniforms leaving the most basic housing. Buying these uniforms must put immense strain on the family finances, but education is highly valued. The population is growing faster than schools can be built to accommodate them, so the schools work on a shift system.

Personal income

700,000 Indians have $100,000 annual income

Ideas

Loans

Trends

A consumption boom

Consumption boom

Expensive weddings

Gold lifestyle

Cheaper loans for jewellery

Microfinance

Microfinance is a major trend in India

Peer-to-peer banking

Ebay India

Kitty parties

Kitty for consumption

Islamic banking

Shariat stocks index
Shariat finance

Ideas

Microsavings instruments

Education loans

Loans for primary and high-school education

Wedding loans

Streamlining microfinance

Loans based on gold

Insurance

Trends

Aspirational society

No medical coverage

Increasing savings rate

Ideas

Insurance as a saving vehicle

Rural Insurance - an opportunity or a risk?

Rural Insurance penetration is increasing

Credit

Trends

Credit card penetration

Credit card penetration

Increasing savings rate

Savings rate

Increasing purchasing power

Rural demand for credit

Rural India needs $30 billion in credit

Remittances

Reimbursements to India are growing

COD (???)

Mobile phones

140 million cell phone users in India

Payments through SMS

Payments made through SMS - Paymate

Ideas

Mobile ATM

Credit cards linked to US accounts

Credit cards in India based on international family member's credit rating

COD for online shopping (???)

Retail store cards

Mobile phone credit cards

Mobile phone used as credit card