{"id":30,"date":"2019-07-17T07:39:04","date_gmt":"2019-07-17T07:39:04","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=30"},"modified":"2025-01-22T11:02:36","modified_gmt":"2025-01-22T11:02:36","slug":"macro-economic-insurance-indicators","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=30","title":{"rendered":"Section 01: Macro-Economic &#038; Insurance Indicators"},"content":{"rendered":"\n<div style=\"float: left\">\n\t<h2 style=\"font-size: 25px; font-weight: bold; line-height: 40px; padding-bottom: 50px;\"><b>Macro-economic &amp;<br>Insurance Indicators<\/b><\/h2>\n\t<ul style=\"padding: 0 200px 50px 0;line-height: 35px;\">\n                <li style=\"font-size: 16px;\"> India&#8217;s economy continued to expand, with GDP growth reaching 8.40% (at current price) in FY 2023-24. \nThis growth was driven by factors such as strong domestic consumption and a robust industrial sector. \n<\/li>\n\t\t<li style=\"font-size: 16px;\"> The Indian general insurance industry also experienced significant growth, with premium income increasing\n by 12.40% year-over-year. Over the past decade, the industry has seen a compound annual growth rate (CAGR)\n of 15.70%. . \n<\/li>\n\n                <li style=\"font-size: 16px;\"> Insurance penetration in India increased slightly from 0.94% in FY 2022-23 to 0.98% in FY 2023-24. \nThis indicates growing consumer awareness and adoption of insurance products. \n<\/li>\n\n\t\t<li style=\"font-size: 16px;\"> Insurance density has almost tripled over the past decade, reflecting a surge in consumer demand for \ninsurance products\n<\/li>\n\n\t\t<li style=\"font-size: 16px;\"> Overall, India&#8217;s economy and insurance sector have both demonstrated growth trends in recent years. \nThis is a positive sign for the country&#8217;s long-term economic development and financial stability. <\/li>\n\t<\/ul>\n<\/div>\n<div style=\"float: right; right: 0px; margin-right: 8%; position: absolute;\">\n\t<h1 style=\"font-size: 120px; text-align: right; padding-top: 80px; padding-right: 20px; font-family: fantasy; color: #7e8ac5;\">01<\/h1>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macro-economic &amp;Insurance Indicators India&#8217;s economy continued to expand, with GDP growth reaching 8.40% (at current price) in FY 2023-24. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":26,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/30"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30"}],"version-history":[{"count":60,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/30\/revisions"}],"predecessor-version":[{"id":4083,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/30\/revisions\/4083"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/26"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}