CURRENT AFFAIRS

2023

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: -India Net International Investment Position reached-389.633 USD bn in Sep 2022, compared with-355.279 USD bn in the previous quarter. India Net International Investment Position: USD mn data is updated quarterly, available from Mar 2006 to Sep 2022.

Detailed explanation-2: -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.

Detailed explanation-3: -These data also yield estimates of each country’s net international investment position (NIIP), the difference between its total external financial assets and its total external liabilities.

Detailed explanation-4: -What is the international investment position? The accumulated value of U.S.-owned financial assets in other countries and U.S. liabilities to residents of other countries at the end of each quarter. The difference between assets and liabilities is the U.S. net international investment position.

There is 1 question to complete.