Question: How much was the foreign direct investment (FDI) in December 2015 in India?
(a) 4.5 Billion Dollar
(b) 3.5 Billion Dollar
(c) 2.5 Billion Dollar
(d) 5 Billion Dollar
Ans (a)
Related facts:
- According to the Ministry of Commerce and Industry in December 2015 there was $ 4.5 billion of FDI.
- FDI inflow to India recorded a whopping 114 per cent growth for December 2015 compared to December 2014.
- In December 2014, India had received $2.16 billion of FDI.
- The major sectors that attracted foreign inflows include computer software and hardware, trading, services, automobile and telecommunications.
- India receives maximum FDI from Singapore, Mauritius, the Netherlands and Japan.
- In 2014-15, foreign fund inflows grew 27 per cent to $30.93 billion as against $24.29 billion in 2013-14.
- The government has relaxed FDI norms in as many as 15 sectors, including Defence, single brand retail, construction development, civil aviation and LLPs, to boost FDI in the country.
Reference:
http://reports.dionglobal.in/EscortSecAdmin/Reports//RR0502201611.PDF