US LAWMAKERS APPLAUD INDIAN GOVERNMENT'S DECISION TO UP FDI IN INSURANCE SECTOR TO 74%

Highlights

• The Insurance Amendment Bill 2021, which led this rise in the FDI was passed by the India's Parliament in the month of April

• Congressman Brad Sherman and Steve Chabot said “We are very encouraged by the inclusion of a proposal to raise the limit on foreign direct investment in the Indian Insurance sector from 49 percent to 74 percent.”

Applauding the decision taken by India....