September 2016 - Stanford University

Thus, over the years, the Indian financial sector has emerged as a substantial segment of the economy comprising diverse financial institutions and various markets (Figures 1 and 2). 6 The LIC absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies—245 Indian and foreign insurers in all; see IRDA (2007) for details. ................
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