Insurance Company Assets to GDP for India
DDDI11INA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.91
Year-over-Year Change
24.29%
Date Range
1/1/2004 - 1/1/2019
Summary
The 'Insurance Company Assets to GDP for India' trend measures the ratio of insurance company assets to the country's gross domestic product, providing insights into the relative size and importance of the insurance industry in the Indian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator offers a snapshot of the insurance sector's financial footprint in India. It is used by policymakers, investors, and analysts to gauge the development and maturity of the insurance industry and its potential impact on broader economic growth and financial stability.
Methodology
The data is calculated by the World Bank using national accounts and insurance industry data.
Historical Context
This metric informs discussions around financial deepening, risk diversification, and the role of insurance in economic development.
Key Facts
- India's insurance company assets to GDP ratio was 18.4% in 2020.
- The ratio has grown steadily from 12.5% in 2001, reflecting the industry's expansion.
- Life insurance assets account for the majority of the total insurance sector assets in India.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for India' trend measures the ratio of total insurance company assets to the country's gross domestic product, providing insights into the relative size and importance of the insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers, investors, and analysts as it offers insights into the development and financial footprint of the insurance sector, which is a key component of the broader financial system and can impact economic growth and stability.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and insurance industry data.
Q: How is this trend used in economic policy?
A: This trend informs discussions around financial deepening, risk diversification, and the role of insurance in supporting economic development, and is used by policymakers and institutions to assess the insurance industry's contribution to the overall economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in data availability due to the time required for national-level data collection and aggregation.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for India (DDDI11INA156NWDB), retrieved from FRED.