What percent of FDI is allowed under automatic approval route in the insurance sector?
What percent of FDI is allowed under automatic approval route in the insurance sector?
[A]26%
[B]35%
[C]49%
[D]51%
49%
To attract more foreign investment into the insurance sector in the country, the government of India has relaxed FDI norms for the insurance sector by permitting overseas companies to buy 49 per cent stake in domestic insurers without prior approval.
