Moody's: India's GDP to Grow 7.3%, Per Capita Income Jumps 8.2%
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Moneycontrol•19-01-2026, 16:44
Moody's: India's GDP to Grow 7.3%, Per Capita Income Jumps 8.2%
- •Moody's Ratings projects India's economic growth at 7.3% for the current fiscal year (FY25), up from 6.5% last year.
- •India's per capita GDP increased by 8.2% year-on-year to $11,176 in FY 2024-25, boosting demand for insurance.
- •The insurance sector is set to benefit from strong economic expansion, digitization, and regulatory reforms, improving profitability.
- •Total insurance premium revenue surged by 17% to INR 10.9 lakh crore in April-November FY26, driven by economic growth and increased risk awareness.
- •Government initiatives like recapitalization, potential privatization, and increased FDI limits aim to strengthen public sector insurers and the overall industry.
Why It Matters: India's robust economic growth and rising per capita income are fueling a boom in the insurance sector.
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