Indian government may open its insurance and aviation industries to foreign investors

In an effort to revitalize a slowing economy, the Indian government may open its insurance and aviation industries to foreign investors.

The Ministry of Finance proposed to raise the limit on foreign direct investment in Indian insurance and pension firms from the current level of 49 per cent to 74 percent.

Additionally, the government wants to allow foreign airlines to own Indian carriers. Easing the restrictions on FDI in....