Explore Business Standard
India's insurance premium growth will accelerate to 6.9 per cent over 20262030 outpacing China, the US and Western European markets, on strong economic fundamentals, rising demand and regulatory changes, global reinsurer Swiss Re said on Monday. The Indian insurance sector is entering a new era of robust mid-term growth and will emerge as the strongest growing major insurance market, according to a Swiss Re analysis. It said over the next five years, India will remain the world's fastest-growing major economy with an estimated average real GDP growth of 6.5 per cent underpinned by robust private consumption. According to the report, fiscal stimulus measures, such as simplification of Goods and Services Tax (GST) rates and personal income tax concessions will help spur demand from lower and middle-income households. Swiss Re forecasts India's insurance market to grow at an annual rate of 6.9 per cent over 2026 to 2030 in real terms, higher than major emerging and advanced insurance
Market participants have urged the government to ease capital market taxation, including a higher exemption limit on long-term capital gains, ahead of the Union Budget for 2026-27. They also suggested that the government avoid further increases in transaction taxes. The Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1. Market stakeholders also demanded enhancement of the tax-free exemption limit on long-term capital gains (LTCG) from equity investments to provide greater relief to retail and long-term investors. In its budget wishlist, JM Financial Services recommended that the government should raise the tax-free exemption limit for equity LTCG from Rs 1.25 lakh to Rs 2 lakh. The firm also sought to standardise the definition of "long term" to 12 months across all asset classes, including equity, debt, gold and real estate, to reduce complexity and improve tax clarity. Additionally, it called for allowing capital losses to be set off against in
Trading pattern in the stock market this week will largely depend on the ongoing Q3 earnings announcement from corporates, global trends, and foreign fund movement, analysts said. Moreover, geopolitical developments and any update on trade negotiations would also be keenly tracked by investors, experts noted. "Participants will initially react to the earnings of key heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Thereafter, focus will shift to the broader set of Q3 earnings from several large and midcap companies across sectors. "On the global front, US macroeconomic data, including GDP growth, jobless claims, and PMI readings, will influence risk sentiment and currency movement. Geopolitical developments and updates on trade negotiations will also remain on investors' radar," Ajit Mishra - SVP, Research, Religare Broking Ltd, said. Reliance Industries Ltd on Friday reported almost a flat net profit of Rs 18,645 crore for the third quarter, as a decline in ga