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UK insurance cos will benefit from Indian budget
Mint New Delhi
|February 27, 2025
The UK on Wednesday said its trade secretary Jonathan Reynolds and investment minister Poppy Gustafsson announced 17 new export and investment deals during their visits to India this week.
It also said that New Delhi's recent Union budget drives more opportunity for British insurance companies to expand their presence in India. British insurance companies in particular have gained more potential to expand in India following the recent Indian budget, which increased the amount of foreign direct investment (FDI) permitted in the insurance sector from 74% to 100%, a readout by the UK said.
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