The Indian government should open its insurance and aviation industries to foreign investors, in an attempt to revitalize a slowing economy.
The Ministry of Finance proposed to increase from the current level of 49 percent to 74 percent the ceiling on foreign direct investment in Indian insurance and pension firms.
Furthermore, the government wants to have Indian carriers owned by foreign airlines. Easing FDI restrictions i....
Tags : Indian government, gross domestic product, FDI, Department of Industry Promotion and Internal Trade,