India to allow 100% FDI in insurance sector to meet coverage goals

India is set to allow 100% foreign direct investment (FDI) in the insurance sector. This move aims to attract more foreign investment and boost the growth of the insurance industry. The decision is expected to enhance competition, improve service quality, and increase insurance penetration in the country. The government believes that allowing 100% FDI will bring in much-needed capital and expertise to the sector. This policy change is part of the broader economic reforms aimed at liberalizing the Indian economy and promoting foreign investment.