Global Leadership Summit: IRDAI Chair calls for 100% FDI in insurance sector to drive growth and expertise
Allowing 100% FDI will provide foreign insurers the flexibility to operate independently, design bespoke growth strategies, and infuse capital without reliance on domestic partners, Debashish Panda, Chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) said. According to Panda, foreign investors have shown keen interest in India's insurance sector, encouraged by the nation's robust economic growth, expanding middle class, and revamped regulatory framework.
Allowing 100% FDI will provide foreign insurers the flexibility to operate independently, design bespoke growth strategies, and infuse capital without reliance on domestic partners, Debashish Panda, Chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) said. According to Panda, foreign investors have shown keen interest in India's insurance sector, encouraged by the nation's robust economic growth, expanding middle class, and revamped regulatory framework.
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The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.
