
INSURING GROWTH: EXAMINING THE INTERPLAY BETWEEN LIFE INSURANCE SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN INDIA'S CHANGING POLICY ENVIRONMENT
Ajay Sharma , Department of Economic Studies, Central University of Punjab, Bathinda, IndiaAbstract
The relationship between the development of the life insurance sector and economic growth in India has been a subject of considerable interest, particularly in the context of evolving policy frameworks. This paper examines the interplay between the growth of the life insurance industry and overall economic expansion amidst changing regulatory environments. Drawing upon empirical data and theoretical insights, the study explores the channels through which life insurance sector development contributes to economic growth and vice versa in the Indian context. By analyzing key indicators and policy shifts, we aim to provide a comprehensive understanding of the dynamics between the life insurance sector and broader economic performance in India's evolving policy landscape.
Keywords
Life insurance, economic growth, policy environment
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