What is the percentage of Foreign Direct Investment FDI allowed by the Department for Promotion of I...........

General Studies (MTS) Indian Economy

What is the percentage of Foreign Direct Investment (FDI) allowed by the Department

for Promotion of Industry and Internal Trade (DPIIT) in India for the Insurance

Intermediaries as on July 2020?

This questions was previously asked in

SSC MTS 26th October 2021 Shift-2

30%

50%

49%

100%

- The Department for Promotion of Industry and Internal Trade (DPIIT) regulates FDI flows in different sectors in India.

- As of July 2020, FDI in insurance intermediaries was permitted up to 100% under the automatic route.

- This means foreign investors could own the entire share capital in Indian insurance intermediary companies without prior government approval.

Option:4, 100%

- Option 1, 30%, and Option 2, 50%, are incorrect as these limits were not applicable for insurance intermediaries at that time.

- Option 3, 49%, was an earlier cap for other insurance-related areas, not specifically for intermediaries.

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