The data shows a declining trend in India's insurance and financial services exports from 2013 to 2023, with the value standing at 3.46 in 2023. The year-on-year variation peaked at 9.2% in 2013 but significantly dropped to -0.19% by 2023, indicating a substantial decrease over the years. The 5-year CAGR preceding 2023 was -2.48%, reflecting a consistent downturn in recent years. The forecasted values from 2024 to 2028 remain constant, predicting no growth or decline.

Future Trends to Watch For:

Digital transformation in the insurance and financial services sector could spur a shift in export patterns.
Regulatory changes and global economic factors may impact future trade dynamics.
Emergence of fintech initiatives and micro-insurance products tailored to developing markets could provide new opportunities.