Question : How much fdi increased in financial year 2020?
(a)19 billion dollar
(b) 25 billiondollar
(c)28 billiondollar
(d)35billiondollar
Answer : (a)
Related facts
Context
- Direct investment into the country rose by $19 billion while portfolio investment declined by $13.7 billion during 2019-20, according to the data on the International Investment Position (IIP) released by the Reserve Bank on 30th June,2020.
Highlights
- International financial assets of Indian residents increased by $73.9 billion due to the rise in reserve assets and overseas direct investment by $64.9 billion and $13.0 billion, respectively, though other investments declined marginally during the year.
- Overseas assets of Indian residents’ rose mainly due to a surge of $17.9 billion in reserve assets, supported by an increase in overseas direct investments even as other investments declined marginally during the quarter
- Overall, net claims of non-residents on India declined by $57.6 billion during the year.
- Asregards the variation during the January-March 2019-20 quarter, the RBI said that net claims of non-residents on India lowered by $45.8 billion to $379.3 billion in March 2020.
By — Pankaj Pandey