Indian insurance industry facts and figures

January 9 was chosen as the day to celebrate this occasion since it was on this day in that Mahatma Gandhi, the greatest Pravasi, returned to India from South Africa, led India's freedom struggle and changed the lives of Indians forever. Also check out question: What is it like giving up Indian citizenship? With over 60 percent of Indian Americans holding a college degree and the majority in the workforce, marketers are starting to drool over the potential of this ethnic segment.

Indian insurance industry facts and figures

As ofit has a population forecast around 1. The population increase can therefore be attributed to the improvement in infrastructure and health care which has led to an increase in the average life expectancy.

Indian insurance industry facts and figures

However this average life expectancy is still well below that of the U. The Republic of India was established in January after it gained independence from the British Commonwealth in and proclaimed a new constitution. Since then India has existed as a federal republic consisting of 28 states and 7 union territories.

India has no national language, but Hindi has the largest number of speakers and is also the official language used by the government. Additionally, unemployment in India has fallen to eight percent in Agriculture also remains a key industry with India producing products such as rice, wheat, cotton, and tea.

The mining industry is also one of the major contributors to the economy of India. The country is one of the largest producers of iron orethe fifth largest producer of bauxite, and the third largest producer of coal in the world.

More recently, India has developed a reputation as a breeding ground for IT specialists, and the relatively low wage levels make India a very popular destination for outsourcing.

The IT industry in India is continuing to surge with over billion U. This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.Comprehensive and meticulously documented facts about healthcare.

Learn about costs, private insurance, Medicare, Medicaid, politics, and more. Post liberalisation, the insurance industry in India has recorded significant growth. The Indian insurance industry is expected to grow to US$ billion by FY, owing to the solid economic growth and higher personal disposable incomes in the country.

There are more than million acres of farmland protected through the Federal Crop Insurance Program. Get the facts and figures. A well developed and evolved insurance sector is a boon for economic development of a country.

CRISIL's latest Report on INDIAN INSURANCE INDUSTRY

It provides long-term funds for infrastructure development and concurrently strengthens the risk-taking ability of the country. Call center services industry in the U.S. - Statistics & Facts Call centers are offices set up by companies for inbound or outbound telephone calls.

Indian insurance industry facts and figures

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CRISIL's latest Report on INDIAN INSURANCE INDUSTRY