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2025-12-17 22:46:35
[India Allows Wholly Foreign-Owned Insurance Companies] India is pushing forward with deep reforms in its financial sector, and to attract more long-term foreign capital, it has allowed global companies to take full ownership of Indian insurance companies. On December 17, the Indian Parliament passed a bill removing the current 74% cap on foreign direct investment (FDI) ownership in insurance companies. The bill now only needs the president's signature to take effect. This opening of the insurance sector comes at a crucial time when foreign capital is pouring into Indian banks and Wall Street firms are increasingly relying on Indian technology hubs to support their global operations.
