Whenever the market is in a state of doldrums one start analysing if it would be possible for LIC to support the stock markets in case of a steep crash. Now we have the figures with us which can tell us that how much we can expect Life insurance corpn of India in fiscal yer ending Mar 2012 and same is straight from the horses mouth and is as enumerated below:
State-run insurer Life Insurance Corp of India expects to invest 1.9 lakh crore 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 lakh crore 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.
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