Which of the following sectors received the highest Foreign Direct Investment (FDI) equity inflow in India during FY 2023

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[A] Telecommunications

[B] Automobile Industry

[C] Computer Software and Hardware

[D] Services Sector (Finance, Banking, Insurance, etc.)

Answer: D

Notes:

Explanation:

As per FY 2023–24 data, the Services Sector received the highest FDI equity inflow at 16%, followed by Computer Software & Hardware (15%), Trading (6%), Telecommunications (6%), and Automobile Industry (5%).

Source- 11th NCERT: Economics: Indian Economic Development and TMH Indian Economy by Ramesh Singh