India's General Insurance (GI) industry saw its growth slow down to 4% to Rs1.85 trillion in financial year 2020-21 (FY21) from Rs1.78 trillion in FY20, largely the result of the coronavirus pandemic which had led to a stringent nationwide lockdown last year, credit rating agency Icra said. In FY19, the industry had grown 14%.
Can the defence sector continue firing after 100% gains?
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