The share of insurance and financial services in India's service imports shows fluctuating trends from 2013 to 2022, reaching 4.65 Units in 2023. A declining trend is seen until 2019, followed by brief recoveries and a flatlining forecast from 2024 to 2028.

Year-on-year variation: From 2022 to 2023, the share remained unchanged at 4.65 Units. The past two years display stability, while the CAGR over the last five years suggests no average annual growth.

Future trends to watch for:

• Potential regulatory changes in India's financial sector

• Global economic conditions affecting financial services demand

• Evolution in fintech and digital insurance shaping import dynamics.

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More about Financial Services Industry 2024-2028

Forecast: Gross Disbursements in Agricultural Financial Services by Type of Donations from Bill & Melinda Gates Foundation to India