A Quote by Ajay Piramal

Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.

Ajay Piramal

Quote Topics

About Coming Data Economy Enough Financial Financial Services Gdp Grow Growth Half Half Time Potential Rates Services Show Times Twice Two

Quote Author

Ajay Piramal
Indian - Businessman
Born: August 3, 1955

Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.

Sri Mulyani Indrawati

Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.

John W. Snow

Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies

Ngozi Okonjo-Iweala

My belief is India's banking industry will continue to grow at two and a half times the GDP growth rate.

Chanda Kochhar

When you've got a economy in which 40 percent of economic growth is happening in the financial sector, that turns out that was all an illusion, that it wasn't growth based on real products and services, but just a bunch of paper shuffling and a house of cards, then what's gonna emerge, at some point, is a sense of resentment, a sense that the system's rigged, and it's not working for ordinary people. And it's not fulfilling the basic American dream.

Barack Obama

By any measure, CapitalSource outperformed both our direct competitors and the financial services industry in general, particularly in the context of the near collapse of the financial services industry where 19 of the 20 largest financial institutions in the country either failed or were bailed out by the government.

John Delaney

In Nigeria, financial services, telecoms, and entertainment have driven growth more than oil.

Oscar N. Onyema

What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.

Urjit Patel

Our large size, capital base, robust funding profile, extensive distribution network, diversified portfolio, presence across the financial services sector, and leadership in technology position us very well to leverage the growth opportunities across the economy.

Chanda Kochhar

The growth of FinTech has been driven by adoption across age groups, but the demand from the millennial generation to innovate and think about financial services differently has been a catalyst for change.

Taavet Hinrikus

Mexico is trapped by a dense network of rent-seekers and monopolies in sectors that are crucial for economic growth, including telecommunications, energy, transportation, and financial services.

Denise Dresser

We believe digital payments are making financial services more universally affordable, accessible and, therefore, have the opportunity to drive financial inclusion and financial health for billions worldwide.

Dan Schulman

Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.

Jim Stanford

Our communications services revenue growth is being driven by continued strong top-line performance in data, Internet and international - three of the fastest growing and most profitable areas within communications services.

Bernard Ebbers

Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.