In the recent Union Budget, the FM has increased the Foreign Direct Investment (FDI) limit in the insurance sector from the existing one to
Detailed Explanation:
The Union Budget 2021-22 raised the FDI limit in the insurance sector from 49% to 74%, allowing greater foreign participation while retaining Indian management and control safeguards.
This policy change aimed to boost capital inflow, improve insurance penetration, and align with broader economic liberalization measures in the financial sector.
Therefore, 74% is the updated FDI limit, making Option 3 the correct answer.
Question 7 of 9 Budget & Economic Survey
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