CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country become the third largest foreign direct investor in India during 2017-18?
A
China
B
Netherlands
C
Brazil
D
Russia
Explanation: 

Detailed explanation-1: -Singapore (27.01%), USA (17.94%), Mauritius (15.98%), Netherland (7.86%) and Switzerland (7.31%) emerge as top 5 countries for FDI equity inflows into India FY 2021-22.

Detailed explanation-2: -The correct answer is Services Sector.

Detailed explanation-3: -Manufacturing sector had majority share in total FDI.

Detailed explanation-4: -India foreign direct investment for 2020 was $64.36B, a 27.17% increase from 2019. India foreign direct investment for 2019 was $50.61B, a 20.17% increase from 2018. India foreign direct investment for 2018 was $42.12B, a 5.38% increase from 2017.

Detailed explanation-5: -Singapore is ranked one FDI provider to India. The small island nation has invested $15.9 billion in FY22 which is accounted for 27 per cent of India’s total FDI received. USA is India’s second biggest investor with FDI of $10.5 billion, with 18 per cent of total FDI.

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