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International

India: Increased FDI limit in insurance could attract $5 billion in new investment, says official

October 20, 2014 Reprints

G S Sandhu, financial services secretary of India, has said that increasing the FDI limit in the insurance sector may attract $5 billion to the sector over the coming five years, The Hindu Business Line reported.

The bill proposing a hike in FDI limit to 49% from the present 26% is awaiting parliamentary approval. Private insurers in the country have been eagerly waiting the change as it would pave way for more foreign capital to flow into the insurance market.

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India: Increased FDI limit in insurance could attract $5 billion in new investment, says official

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