CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state was the top recipient of FDI in India during the fiscal year 2020-21 (FY21)?
A
Gujarat
B
Maharashtra
C
Karnataka
D
Kerala
Explanation: 

Detailed explanation-1: -Trend on Foreign Direct Investment (FDI) in India. Singapore (27.01%) and USA (17.94%) have emerged as top 2 sourcing nations in FDI equity flows into India in FY2021-22 followed by Mauritius (15.98%), Netherland (7.86%) and Switzerland (7.31%).

Detailed explanation-2: -Karnataka is the top recipient state with a 38% share of the total FDI Equity inflow, followed by Maharashtra (26%) and Delhi (14%). Karnataka (53%) is also the major recipient of FDI under the domain of “Computer Software and Hardware”.

Detailed explanation-3: -FDI in India 2022: Karnataka and Maharashtra were the highest FDI states in India in Financial Year 2021-2022, as per recent statement from the union government. While Karnataka recieved 37.55 percent of the FDI equity inflows in India, Maharashtra received 26.26 percent of the FDI inflows in India in FY 2021-22.

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