GIC 2021- Essay Writing |Pros and Cons of 74% FDIs in Insurance Sector |Descriptive English Paper

That more and more FDIs can be infused into the Insurance sector, the Rajya Sabha permitted 74% FDIs in this sector on 18th March 2021. Previously the FDI limit was 49%. Permitting this investment in this sector means giving a foreign company the right to appoint a majority of directors and control the management system. It will directly influence the policy decision making of this sector.