Another round of FDI reforms? Liberalisation of Defence, Banking, Insurance foreign direct investment norms on the cards

The government is exploring the possibility of relaxing foreign direct investment norms for banking, insurance, and defence sectors. Talks are ongoing to ease conditions for these key sectors post-elections in June. FDI equity inflows saw a 13% decline year-on-year, totaling $32.03 billion during April-December 2023.