- When we compared to the last seven years the FDI inflow in India has been doubled and 20-fold from 2003-to 04.
- The most attractive sector for foreign investments in the manufacturing sector, it has been noted that Equity inflow in manufacturing sectors has increased by 76% which amounts to $21.34 billion in FY22 compared to $12.09 billion earlier.
- The top recipient of FDI equity inflow was the computer & hardware sector which is around 25%, and services and automobiles stood at 12%.
- The major states which emerged as top recipients under the computer & hardware section were Karnataka 53% followed by Delhi and Maharastra at 17%.
- Overall performance of states in FDI Inflow was again topped by Karnataka with 38%, Maharastra and Delhi at 26% and 14% respectively.
- The main reason for the increase in FDI inflow was government has designed FDI Policy in a very liberal and transparent way and most of the sectors are opened through an automatic route.
- Many steps have been taken by the government to further liberalize FDI policy to promote ease of doing business in major sectors like Coal mining, Digital media, insurance civil aviation defence, etc.
Question
Ques: 1. As per recent data which of the following sector received the highest FDI equity inflow?A. Service Sector
B. Automobile Industry
C. Textile Industry
D. Computer & Hardware industry
