Budget 2019: 100% FDI in insurance intermediaries, local sourcing norms to be eased for single brand retail

The finance minister said in the Budget that the government will ease local sourcing norms for single brand retail. The finance minister also announced that the government will consider measures to further boost FDI in the aviation and media sector.

The finance minister also said that the government will increase the FDI limit to 100 per cent in insurance intermediaries.

The move will further open up the Indian economy and aloow more foreign invetment into the economy.


The easing of local sourcing norms will encourage foreign investors.