2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which country planned to invest $100 billion in India?
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China
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Saudi Arabia
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New Zealand
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Nepal
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Explanation:
Detailed explanation-1: -UAE sovereign wealth funds have invested more than $10 billion in India across renewable energy, telecom, road infrastructure among other sectors, the Indian envoy said during an event in Abu Dhabi.
Detailed explanation-2: -India, UAE on track to achieve $100 billion trade target in five years, says envoy.
Detailed explanation-3: -Foreign corporations invest in India to benefit from the country’s particular investment privileges such as tax breaks and comparatively lower salaries. This helps India develop technological know-how and create jobs as well as other benefits.
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