- Webpages
- Documents
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
For NRI Customers
(To Buy a Policy)
-
![Contact Image]()
Call (All Days, Local charges apply)
-
![Contact Image]()
Email ID
-
![Contact Image]()
Whatsapp
(If you're our existing customer)
-
![Contact Image]()
Call (Mon-Sat, 10am-9pm IST, Local Charges Apply)
-
![Contact Image]()
Email ID
For Online Policy Purchase
(New and Ongoing Applications)
-
![Contact Image]()
Call (All Days & Toll free)
-
![Contact Image]()
Schedule a call
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Give missed call to buy a policy
-
![Contact Image]()
Email
Branch Locator
-
![Contact Image]()
Locate a branch
For Existing Customers
(Issued Policy)
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Call (Mon to Sat, from 10 am to 7 pm, Call charges apply)
-
![Contact Image]()
Email
Fund Performance Check
-
![Contact Image]()
Call (Missed Call)
Newest trends in economic growth - what do they mean for you
Table of Content
Economists of various private entities say that the demand for products has been a bit low in the domestic and the global market. Differences between the US and China continue over trade, imposing tariffs on the products.
Slump in demand
In FY19, the Index of Industrial Production (IIP), an amount based measure, raised to 3.6%. Various indicators like vehicle sales, train and airfares, petroleum goods and other goods, showed a decreased consumption, though the inflation was low. Sales of passenger vehicles saw the slowest growth period of 5 years, meager 2.7%.
One factor of low demands can be the decrease in government spending to meet the financial deficiency target of 3.4% of GDP. Public spending and utilization were good in the midst of feeble private demands.
Public spending and consumption had been propping up growth amid weak private investment and exports. Many banks estimate the fourth quarter growth to be 6% approximately.
Nonbanking Finance Companies (NBFCs) and Infrastructure Leasing & Financial Services (IL&FS) faced a decline in demand and are one of the factors of slow growth, experts think.
Slash in Rates
SBI expects a keener rate cut, 35-50 Base Point Rate (BPS) in the imminent arrangement. "Curiously, RBI out of the blue could utilize the rate change in non-multiples of 25 BPS as an initial move towards giving second-age sign to market of future approach position," said SBI in a note.
Seeing the trends in economic growth, the RBI anticipates that India's economy should grow to 7.4% in FY19. It has moved its concentration from inflationary worries to keeping up development force.
Benefit for investors
Investors can reap multiple benefits from the slow market. When the market will eventually rise, investors will get good returns. Also, if the investment is done in stock market instrument then returns will be more as the market will rise and while selling more money will be made. It is a win-win situation for the investor.
As the Indian economy will rise to the expected growth rate in the coming time, investors can build their wealth with the growing economy, especially by investing in market-linked plans like ULIPs.
ARN: ED/07/19/14707
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Vishal Subharwal
Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.
Reviewed By:
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore
- personal accident insurance
- Annuity Calculator