Many positives for the insurance sector from the Budget
On July 5, 2019, when the Finance Minister presented the budget, she was unambiguous in positioning the insurance sector as a critical route to integrating India with the global financial system. She showed her intent of investing in long-term measures such as inviting top international insurance companies for the annual global investor meet. At the same time, she is keen to take immediate actions such as increasing the limit for Foreign Direct Investment (FDI). Some of these steps are quite nuanced in their ability to address on-the-ground issues.