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DPIIT Comes with a Data on FDI

Published on November 26, 2022
Current Context: The Department for Promotion of Industry and Internal Trade (DPIIT) launched data that reflected the decline in the Foreign Direct Investment (FDI) inflow during the first half of FY23.
DPIIT Comes with a Data on FDI
  • The DPIIT data shows that for April-September 2023, the FDI equity inflows in the country declined by 14%.
  • It was recorded to be USD 26.9 billion as compared to USD 31.15 billion for the corresponding period in FY22.
  • It mentioned that with an FDI inflow of USD 10 billion, Singapore was the top investor in India for the first half of FY23, followed by Mauritius (USD 3.32 billion) and the UAE (USD 2.95 billion).
  • It further said that the highest FDI inflow of USD 6.3 billion was attracted by the computer hardware and software sector.
  • DPIIT comes under the Ministry of Commerce and Industry and was established in 1995 with its headquarters in New Delhi. The current Secretary of the department is Ravi Jha.

Question:

Q.1 The highest FDI inflows in India for April-September 2023, came from which country?
a. UAE
b. Singapore
c. Mauritius
d. Netherlands
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