The government today proposed relaxation in the FDI norms for sectors such as aviation, insurance, animation media and single brand retail with a view to attract more overseas investment.
Finance Minister Nirmala Sitharaman said India’s FDI inflows in 2018-19 grew by 6 per cent to $64.37 billion.
“I propose to further consolidate the gains to make India more attractive FDI destination. The government will examine suggestions of further opening up of FDI in aviation, media ( AVGC – Animation, Visual effects, Gaming and Comics) and insurance sectors in consultation with all stakeholders,” she said.
