CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India approved 98 FDI proposals from countries sharing borders since in which month 2020?
A
May
B
February
C
April
D
January
Explanation: 

Detailed explanation-1: -The government has approved 98 foreign direct investment (FDI) proposals from countries sharing land border with India since April 2020 out of 423 received from sectors including trading and electronics, Parliament was informed on Wednesday.

Detailed explanation-2: -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-3: -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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