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LIC to invest Rs 1.9 lakh cr in FY12

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Reuters New Delhi

State-run insurer Life Insurance Corp of India expects to invest 1.9 lakh crore in the fiscal year ending March 2012, acting chairman DK Mehrotra told reporters.

LIC, which is a major investor in India's capital markets, has already invested Rs 1.25 lakh crore between April and 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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First Published: Jan 12 2012 | 12:00 AM IST

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