Budget 2018: The general insurance (GI) industry is passing through a defining phase, as companies get listed on the stock exchanges. Detailed analyses show that a one standard deviation increase in GI penetration induces a per capita GDP growth of 0.39%. At the same time, the industry is credited with employing over 7 lakh individuals, directly or indirectly. Given the low penetration of GI in India at around 0.77% of GDP, there is immense scope for this sector, one that policy makers should help realise through appropriate measures in the Budget and through reforms in general.
Majority of long-only funds beat Nifty in June
Read More
