Which country has become the largest source of Foreign Direct Investment (FDI) in India during the first half of FY2020 ?
A. Japan
B. Mauritius
C. United States(US)
D. Singapore
Answer:D
Which country has become the largest source of Foreign Direct Investment (FDI) in India during the first half of FY2020 ?
A. Japan B. Mauritius C. United States(US) D. Singapore
Explanation: On January 2, 2020, According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), the Foreign Direct Investment (FDI) in India rose 15% to $26 billion in the first half of FY2020 (Fiscal year 2020). Singapore continued to be the largest source of FDI in India during the first half of FY2020 with $8 billion investments. The inflow of FDI during April-September of 2018-19 stood at $22.66 billion. The data in brief are as follows: Other top FDI sourcing countries to India:Singapore was followed by Mauritius ($6.36 billion), the United States(US) ($2.15 billion), the Netherlands ($2.32 billion), and Japan ($1.78 billion) in the 2nd, 3rd, 4th and 5th place respectively.