India opens up insurance sector to foreign investors

Pedro Gonçalves
clock • 2 min read

India is putting forth various reforms to allow more foreign investment, including opening up the insurance and aviation sectors, as it tries to reinvigorate its economy. Finance Minister Nirmala Sitharaman in her maiden Budget speech said that India's FDI inflows in 2018-19 grew by 6% to $64.37bn. "I propose to further consolidate, the gains in order to make India more attractive FDI destination. The government will examine suggestions of further opening up of FDI in aviation, media, AVGC (Animation, Visual effects, Gaming and Comics) and insurance sector in consultation with stakeho...

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