India is planning to permit foreign investment of up to 26 percent in the pensions sector in line with the insurance sector, Reuters reports. The move will provide global players access to a nearly $2 billion pool of assets that is likely to grow very fast as more people join the organized workforce. The country has also taken certain reform measures, such as a proposal to lift the cap on foreign holdings in insurance companies to 49 percent from 26 percent. Parliamentary review of the pension and insurance bills is currently on.

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