CURRENT AFFAIRS

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Foreign direct investment (FDI) in India grew by ____ % to a record of $49.97 billion in the 2019-20 financial year, according to official data?

A	17
B	10
C	13
D	15

Explanation:

Detailed explanation-1: -During the year 2019-20, the FDI inflows to India stood at USD 74.39 billion. In 2018-19, it stood at USD 62 billion. In 2017-18, it was USD 60.97 billion and in 2016-17, the FDI inflow to India stood at USD 60.22 billion.

Detailed explanation-2: -India received the highest annual FDI inflows of $84, 835 mn in FY 21-22 overtaking last year’s FDI by $2.87 bn. Also, FDI equity inflow in FY 2021-22 were $ 59, 825 mn.

Detailed explanation-3: -Singapore emerged as the largest source of FDI (foreign direct investment) in India during the financial year 2019-20 with a $ 14.67 billion investment.

Detailed explanation-4: -India’s foreign direct investment (FDI) inflow increased from USD 45.15 billion in 2014-2015 to USD 84.84 billion in 2021-22, said Minister of State for Commerce and Industry, Som Parkash said in reply to a parliament question on Wednesday.

There is 1 question to complete.