News Regulations10 Feb 2021

India:FY2022 Budget to attract foreign capital and promote competition in insurance market -- Fitch

| 10 Feb 2021

India's 2021-2022 (FY2022) Budget, which proposes relaxing foreign-ownership caps on insurers, could lead to an influx of new capital that could be channelled to develop insurers' distribution networks, enable digitisation and bring expertise to areas such as marketing and client servicing, which would improve insurance penetration in the long run, says Fitch Ratings.

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