SSC MTS EXAM

SSC

INDIAN ECONOMY

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

Which of the following sectors has received the highest FDI equity investment in India during 2019?

A	Retail
B	Telecommunication
C	Banking
D	Software

Explanation:

Detailed explanation-1: -The correct answer is Services Sector. For economic growth, Foreign Direct Investment (FDI) has been a major non-debt financial resource for the economic development of India.

Detailed explanation-2: -The computer software and hardware sector attracted the highest inflows during the first six months of this fiscal. It was followed by services, trading, chemicals, automobile and construction (infrastructure) activities. The country has registered its highest-ever FDI inflows of USD 84.84 billion in 2021-22.

Detailed explanation-3: -India is ranked 16th in the FDI Confidence Index 2019, compared to 11th in 2018.

There is 1 question to complete.