New Delhi, July 6 -- The budget on Friday proposed to permit 100% foreign direct investment (FDI) in insurance intermediaries like brokers, advisers and web aggregators, promised to ease local sourcing norms for single-brand retailers and to examine proposals for opening up wider to overseas investors in some sectors such as aviation, insurance and the media segment that comprises animation, visual effects, gaming and comics, or AVGC.

India received robust inflows of FDI in the last financial year despite global headwinds, finance minister Nirmala Sitharaman said in her budget speech, adding that the government wanted to consolidate the gains.

"India's FDI inflows in 2018-19 remained strong at $ 64.375 billion, marking a 6% growth over th...