Raising FDI In Insurance Sector To 100% Will Make It Grow 7% Annually For Five Years : Sitharaman

Private sector investment hasn't kept pace with public expenditure : FM

NEW DELHI : Both India and China feel there is a need for more access and interaction with each other for exploring windows of economic cooperation, Finance Minister Smt Nirmala Sitharaman said on Saturday, adding that such a relationship would have to be built with caution. Speaking at the launch of a book titled, A World in Flux: India’s Economic Priorities, in Delhi, she emphasised that growth is the top priority, overlapping with job creatio…

Raising FDI In Insurance Sector To 100% Will Make It Grow 7% Annually For Five Years : Sitharaman

Raising the foreign direct investment limit in insurance to 100% will help the sector achieve its full potential by growing at 7.1% per annum over the next five years, outpacing the global growth, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

Removing FDI cap to attract sustained foreign investment in insurance sector: FM Sitharaman

'Further, this will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in the country,' she said in a written reply to a question in the Lok Sabha