Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
News: Reserve Bank of India has released the data on the Foreign direct investment(FDI) into India.
Facts:
- Singapore and Mauritius remained the major source countries accounting for about 50% of total FDI flows in 2019-20.
- They were followed by the Netherlands, the Cayman Islands, US and Japan.
- The FDI from Cayman Islands has jumped 305% to $3.49 billion during 2019-20, as against $863 million in 2018.The main activity of FDI was the financial services.
- Most of FDI equity flows went to the services sector including communication services, retail and wholesale trade, financial services, computer and business services and the manufacturing sector.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
