Insurers adopt watch-and-wait approach to India ahead of proposed FDI changes
The proposed increase in the foreign direct investment cap in Indian insurers from 26% to 49% may not have the desired effect if the conditions for investment are too stringent, according to market commentators.
In the Indian government's maiden budget last week, finance minister Arun Jaitley pledged to push through the long-awaited increase in the FDI cap for composite insurers – a move many hope will lead
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