New Delhi: In a significant move, Finance Minister Nirmala Sitharaman has proposed raising the Foreign Direct Investment (FDI) limit in India’s insurance sector from 74 per cent to 100 per cent. This change is aimed at attracting more foreign investment, which is expected to help drive growth and development within the sector.
Sitharaman presented the Union Budget for the eighth time today, February 1, making her the first Finance Minister in Indian history to do so for eight consecutive years. This budget also marks the second one under the third term of the Modi government.
WATCH: FM Sitharaman proposes raising of FDI limit in insurance sector
#WATCH | #UnionBudget2025 | Union Finance Minister Nirmala Sitharaman says, “The FDI limit for the Insurance Sector will be raised from 74 to 100 percent. This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails… pic.twitter.com/UOYI0DNesf
— ANI (@ANI) February 1, 2025
Union Finance Minister Nirmala Sitharaman says, “The FDI limit for the Insurance Sector will be raised from 74 to 100 percent. This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified.”
Union Budget 2025 Announcements by FM Nirmala Sitharaman: Finance Minister Nirmala Sitharaman has proposed raising the Foreign Direct Investment (FDI) limit in India’s insurance sector from 74 per cent to 100 per cent, aiming to attract more foreign investment for growth. This is part of the Union Budget 2025. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
