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Features of FDI in insurance sector?

Updated: 9/13/2023
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12y ago

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What are the affects of FDI in insurance sector?

FDI in insurance is being recognised by economists with various benefits, they argue that the foreign insurers come in with not only the cpital but the technical know how is also transformed in the country, it generates employment avenues, efficiency in doing business means greater profits and ultimately taxes to the government. The profits generated from the operations can be invested in the government priority sectors lessining the burden on government and it saves the funds which otherwise government was required to invest. The funds saved can therefore be diverted to the other priority areas needing attention.

Tanveer A Darzi

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12y ago
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