CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to India’s International Investment Position data as at end-March 2020, released by RBI, FDI in the country has raised by how much?
A
$13 billion
B
$15 billion
C
$19 billion
D
$11 billion
Explanation: 

Detailed explanation-1: -Foreign Direct Investment (FDI) is the investment through capital instruments by a person resident outside India (a) in an unlisted Indian company; or (b) in 10 percent or more of the post issue paid-up equity capital on a fully diluted basis of a listed Indian company.

Detailed explanation-2: -India has remained the second largest investor in the UK for another year as revealed in the UK’s Department for International Trade Foreign Direct Investment (FDI) 2021/22 figures.

Detailed explanation-3: -Even as the pandemic and geopolitical conflict resulted in investor uncertainty, India has the potential to attract Foreign Direct Investment (FDI) flows of $475 billion in the next five years due to the focus on reforms and economic growth, according to a report by the Confederation of Indian Industries (CII) and EY.

Detailed explanation-4: -As per the data, India’s international financial assets declined by $56.5 billion during July-September 2022 with valuation losses accounting for a major part. Reserve assets remained the dominant component (62.9% share) of India’s international financial assets, the RBI said.

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