Moody’s projects 7.3 pc India growth, sees strong boost for insurance sector

Key Highlights

• Moody’s noted that in FY 2024–25, India’s GDP per capita rose 8.2 percent year-on-year to USD 11,176, while headline GDP growth stood at 6.5 percent.
• The agency said strong economic growth helped drive a 17 per cent increase in total insurance premium revenue to Rs 10.9 lakh crore during the first eight months of FY 2025–26 (April–November).
• During the period, health insurance premiums rose 14 per cent, while new business premiums in the life insurance segment climbed 20 per cent.
• This marked a sharp acceleration compared with FY 2024–25, when total premiums grew by 7 per cent to Rs 11.9 lakh crore.
• According to Moody’s, the rise in premium revenue also reflects growing risk awareness among Indian consumers and the steady digitisation of the economy.