That's an impressive milestone for LIC! 😮 Let's break it down:
1. Assets Under Management (AUM): LIC's AUM increased to ₹51.21 lakh crore (or approximately 614.21 billion US dollars) as of March 31st, 2024. This represents the total value of assets (such as investments, policies, and other holdings) managed by LIC.
2. Comparison with GDP:
- LIC's AUM is nearly twice the value of Pakistan's GDP. To put it in perspective, Pakistan's GDP was around 305 billion US dollars in 2023.
- Additionally, LIC's AUM surpasses the combined GDPs of three neighbouring countries: Pakistan, Nepal, and Sri Lanka. Quite an achievement!
LIC's financial performance and market presence continue to be remarkable. If you have any more questions or need further information, feel free to ask! 😊
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