"Essential" FDI could raise Rs 30,000 crore, says India's regulator
Raising the cap on foreign direct investment in Indian insurers could attract Rs 30,000 crore to the industry, India's insurance regulator has said.
Speaking a day after the federal cabinet approved a bill which would raise the limit to 49% from 26%, the Insurance Regulatory and Development Authority described the move as "essential".
India's Econo
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