FDI inflows increase by 48% from October 2014 to April 2015
Q. The Foreign Direct Investment equity inflows has increased by _____ percent during October 2014 to April 2015 as compared to the corresponding period last year.- Published on 24 Jul 15a. 23%
b. 34%
c. 39%
d. 48%
ANSWER: 48%
The increase in FDI is attributed to the launch of Make in India initiatives in September last year. In 2014-15, the country witnessed unprecedented growth of 717 percent, to 40.92 billion dollars investment by Foreign Institutional Investors. The FDI inflow under the approval route saw a growth of 87 per cent during the period with inflow of 2.22 billion dollars and more than 90 percent of FDI through automatic route. These indicators reflect remarkable pace of approval being given by the government and confidence of investors in the resurgent India.
