In: Accounting
What some Opportunities and Threats in the financial industry?
Financial industry is the backbone of any country's economy.To boost the economy the country needs to have its financial services working in a fast pace growth to strengthen its economy.
Opportunities:
i.Financial leverage:Leveraging enables industry to expand in other sector and markets which may create a boostful effect on the economy
ii.Larger audience:Financial industry can get into online services which will allow it to expand worldwide at lower expense and also results in value addition.
iii.World's financial market is growing day by day and due to which the onus is on the financial industry as the markets are also emerging.
iv.Diversification of industry worldwide which will reduce cost.
Threats:
i.Fluctuation in the currencies are taking place due to the countries economy rising upward or downward respectively.
ii.Changes in the country's policy may affect the industry as the risk may also increase because of the changes in the policy.
iii.Fluctuations of revenue will make an impact on the investment.