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    HomeNewsBusinessCompaniesLIC to invest $37bn in FY12

    LIC to invest $37bn in FY12

    State-run insurer Life Insurance Corp of India expects to invest 1.9 trillion rupees in the fiscal year ending March 2012, acting chairman D.K. Mehrotra told reporters.

    January 12, 2012 / 13:49 IST

    State-run insurer Life Insurance Corp of India expects to invest 1.9 trillion rupees in the fiscal year ending March 2012, acting chairman D.K. Mehrotra told reporters.


    LIC, which is a major investor in India's capital markets, has already invested 1.25 trillion rupees between April to November, he said.


    India's stock market was among the worst performing major markets globally in 2011, declining 24.5% during the year, as economic growth in Asia's third largest economy slowed.

    first published: Jan 12, 2012 01:40 pm

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