No shift on FDI limit

Although the bulk (80%) of FDI into India is not subjected to caps, the government is maintaining FDI limits on the insurance, banking and telecoms sectors

India’s insurance sector foreign direct investment (FDI) cap is likely to remain until political consensus is secured, a government official said recently, quashing speculation that a higher limit is imminent. The FDI cap at 26% will stay, according to Anup Pujari, joint secretary of the Department of Economic Affairs at the Ministry of Finance.