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Which country has become the largest source of Foreign Direct Investment (FDI) ($8 billion investments) in India during the first half of FY2020 ?
  • a)
    Japan
  • b)
    Mauritius
  • c)
    United States(US)
  • d)
    Singapore
  • e)
     None of these
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which country has become the largest source of Foreign Direct Investme...
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.
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