In the financial year 2016-17, total FDI of US$ 60.08 billion has been received, which is an all-time high. The Cabinet chaired by.....has approved amendments in FDI Policy and further liberalized few of the policies of FDI.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In the financial year 2016-17, total FDI of US$ 60.08 billion has been received, which is an all-time high. The Cabinet chaired by____has approved amendments in FDI Policy and further liberalized few of the policies of FDI.

A	Arvind Subramanian
B	Urjit Patel
C	Hasmukh Adhia
D	Narendra Modi

Explanation:

Detailed explanation-1: -The correct answer is Services Sector.

Detailed explanation-2: -In FY 2014-15, FDI inflow in India stood at mere $ 45.15 bn, which increased to $ 60.22 bn in 2016-17 and further to the highest ever annual FDI inflow of $ 83.57 bn reported during the FY 2021-22.

Detailed explanation-3: -In 2021-22, the country received the “highest ever” foreign inflows of $83.6 billion. India is on track to attract $100 billion in foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on September 24, 2022.

Detailed explanation-4: -FDI equity inflows into India contracted by 14 per cent to USD 26.9 billion during the April-September this fiscal, according to the DPIIT data.

There is 1 question to complete.