Original Study

Open Access

|

Peer-reviewed

The Role of Insurance Sector Along with the Banking in Economy

Dr. Vandana Verma

DIP: 18.02.015/20160101

DOI: 10.25215/2455/0101015

Received: February 21, 2016; Revision Received: March 10, 2016; Accepted: March 25, 2016

Abstract

The role of financial foundations and financial go-betweens in cultivating economic development by improving the effectiveness of capital aggregation, empowering reserve funds, and eventually improving the efficiency of the economy has been all around acknowledged at this point. Recent examinations show that the insurance business can improve economic development through financial intermediation, hazard avoidance, and creating work. This examination plans to discover the connection between the disaster protection industry and economic advancement in India. This investigation finds that there is a long-haul connection between the disaster protection industry and economic advancement in India. What’s more, the Granger causality test recommends that extra security area improves the general economic advancement in India and the opposite isn’t critical. The main impediment to contemplate the connection between life coverage area advancement and economic improvement is the informational index which has been utilized as yearly information as the quarterly information was not accessible for the insurance industry.

The authors profoundly appreciate all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

Responding Author Information

Dr. Vandana Verma @ vandanaashok71@gmail.com

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The Role of Insurance Sector Along with the Banking in Economy

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Article Overview

ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.015/20160101

DOI: 10.25215/2455/0101015

Published in

Volume 01, Issue 1, January - March, 2016

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