Indian stock market reacts positively to news of further rise of FDI into insurers to 74%

Credit: iStock/kishore kumar

Shares in Indian insurers rose this week following local media reports that the government may propose in its coming budget to raise the foreign direct investment (FDI) limit in the sector up to 74% from the current 49%. The government raised the limit from 26% up to the current 49% in 2015. Only in September, the government increased the limit…

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