Table 1.1.1Indian Economy Indicators
New Series - (Base year: 2011-12)Indicators | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
GDP at Current Prices | 6,477,827.00 | 7,795,314.00 | 8,736,329.00 | 9,944,013.00 | 11,233,522.00 | 12,467,959.00 | 13,771,874.00 | 15,362,386.00 | 17,095,005.00 | 19,010,164.00 |
GDP at Constant Prices | 4,790,846.00 | 5,282,384.00 | 8,736,329.00 | 9,213,017.00 | 9,801,370.00 | 10,527,674.00 | 11,369,493.00 | 12,298,327.00 | 13,179,857.00 | 14,077,586.00 |
GDP Growth Rate (%) - at Current Prices | 15.10 | 20.30 | 12.10 | 13.80 | 13.00 | 11.00 | 10.50 | 11.60 | 11.30 | 11.20 |
GDP Growth Rate (%) - at Constant Prices | 8.50 | 10.30 | 65.40 | 5.50 | 6.40 | 7.40 | 8.00 | 8.20 | 7.20 | 6.80 |
Overall Industrial Growth (%) | 9.20 | 7.60 | 2.90 | 3.30 | 4.20 | 8.10 | 11.90 | 8.30 | 6.10 | 6.20 |
Services Growth (%) | 10.50 | 9.70 | 4.70 | 14.90 | 6.90 | 9.00 | 8.60 | 8.10 | 7.80 | 7.70 |
Exports Growth (%) | (3.5) | 37.30 | 25.40 | 13.80 | 7.80 | 1.80 | (5.7) | 5.10 | 4.70 | 12.50 |
Imports Growth (%) | (2.6) | 26.80 | 32.40 | 14.50 | (8.2) | 0.90 | (5.9) | 4.40 | 17.60 | 15.40 |
Bank Credit Growth (%) | 16.90 | 21.50 | 17.00 | 14.10 | 13.90 | 9.00 | 10.90 | 8.20 | 10.00 | 13.30 |
Bank Deposit Growth (%) | 17.20 | 15.90 | 13.50 | 14.20 | 14.10 | 10.70 | 9.30 | 15.30 | 6.20 | 10.00 |
Gross Domestic Savings (% GDP) | 33.69 | 33.70 | 34.60 | 33.90 | 32.10 | 32.20 | 31.10 | 30.20 | 30.50 | NA |
Inflation (WPI- Average) (%) | 3.80 | 9.60 | 8.90 | 6.90 | 5.20 | 1.30 | (3.7) | 1.70 | 2.90 | 4.30 |
Average Exchange Rate (Rs/USD) | 47.40 | 45.60 | 48.10 | 54.00 | 60.40 | 62.40 | 66.32 | 64.84 | 65.13 | 69.17 |
Non Life Insurance GDPI in India (Rs in Crores) | 39,225.70 | 48,213.10 | 59,820.00 | 71,203.40 | 77,542.60 | 84,685.70 | 96,379.40 | 128,128.40 | 150,662.00 | 169,448.00 |
GDPI Growth (%) | 16.90 | 22.90 | 24.10 | 19.00 | 8.90 | 9.20 | 13.80 | 32.90 | 17.60 | 12.50 |
Source: RBI Handbook 2018-19
Note: GDP – Gross Domestic Product
GDPI – Gross Direct Premium in India
Figures provided by The RBI are updated with a lag of 12 months
Chart 1.1.1Non-Life Insurance Premium v/s GDP Growth
Source: RBI (Gross Domestic Product)
Council Compilation: Growth in Non-Life Insurance(%)
Secondary Source: Indiastats: Inflation (WPI-Average)(%)
Non-Life Insurance Industry growth during the period 2009-10 to 2018-19 has been continued to outperform the Industrial and Services growth rates.
Chart 1.1.2Non-Life Insurance Premium v/s Overall Industrial & Services Growth
Source: RBI: Overall Industrial Growth (%)
Council Compilation: Growth in Non-Life Insurance (%)
Secondary Source: Indiastats: Services Growth (%)