India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.
The Finance Ministry has suggested increasing the limit on foreign direct investment in insurance and pension companies to 74% from the present 49% and allowing foreign airlines to own Indian carriers, the people said, asking not to be identified as the plan is not public.
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It also wants to allow 100% foreign investment in railway operations, education, and rental housing management companies, the people said. FDI is currently prohibited in railway operations.
Source: Economic Times
