New Delhi, April 22 -- The Indian government is exploring the possibility of further liberalising foreign direct investment (FDI) norms in crucial sectors such as banking, insurance, and defence. This move comes after the recent relaxation of FDI rules for the space and satellite industries.

According to officials, while the bulk of FDI reforms have already been implemented, discussions are ongoing to assess if the conditions for these key sectors can be further eased.

However, any changes to the existing norms will be undertaken after the conclusion of the ongoing elections on June 1.

"Some areas in finance and insurance, even in defence, could still be looked at in terms of further reduction. Brainstorming is going on, but it has not...