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Current Affairs

2018-19 Recorded Highest FDI Inflow

Current context: Commerce and Industry Minister Piyush Goyal, in a written reply to a question in the Lok Sabha said that the FDI inflow stood at the highest ever for the fiscal year 2018-19.
2018-19 Recorded Highest FDI Inflow
  • In 2018-19, the foreign direct investment (FDI) inflow stood at a record 62 billion US dollars.
  • The initiative was launched in 2014 for promoting India as an important investment destination and a global hub for manufacturing, design and innovation.
    1. The FDI inflows were $45.14 billion during 2014-15
    2. The inflows were $55.55 billion during 2015-16
    3. In 2016-17, the FDI inflows hit $60.1 billion
    4. The inflows were $60.98 billion during 2017-18
  • FDI is when a company takes controlling ownership in a business entity in another country.
  • Routes through which India gets FDI are:
    1. Automatic route: FDI is allowed without prior approval
    2. Government route: Prior approval by the government is needed
    3. Sectors under 100% Automatic route category
  • Singapore was at the top spot as India's largest source of Foreign Direct Investment (FDI) in the 2018-19 financial year.

Question: 

Q.1 As per the Commerce and Industry Ministry, in which fiscal year the FDI inflow in India stood at the highest ever?
a. 2015-16
b. 2016-17
c. 2017-18
d. 2018-19
2018-19 Recorded Highest FDI Inflow 2018-19 Recorded Highest FDI Inflow Reviewed by Neha Verma on March 11, 2020 Rating: 5

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