CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the country which sets coordinating council to attract Indian Investments.
A
Uzbekistan
B
Turkey
C
Russia
D
Kazakhstan
Explanation: 

Detailed explanation-1: -Technology (US$ 16.3 billion), e-commerce (US$ 15.9 billion) and financial services (US$ 11.7 billion) accounted for 57% of the total PE/VC investments by value in 2021. The AUM of the PE/VC industry in India exceeds US$ 150 billion, as of 2021.

Detailed explanation-2: -India is one of the world’s fastest growing major economies, with numerous investment opportunities. India’s GDP is growing at a healthy rate, which is expected to continue. The government of India aims to achieve a GDP of $5 trillion by FY 2025, which opens up numerous opportunities for investment across sectors.

Detailed explanation-3: -In India, public investment is mainly done in the sectors like agriculture, infrastructure, health, education, etc. The public investment contributes around 2.2% to the GDP of India which is likely to increase up to 2.9% by 2023.

Detailed explanation-4: -Rs. 36.85 lakh crore (US$ 447.44 billion), as against Rs. 32.46 lakh crore (US$ 394.13 billion) in 2021-22, showing a growth rate of 13.5%, while nominal GDP is expected to stand at Rs. 64.95 lakh crore (US$ 788.64 billion), a 26.7% growth YoY.

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