India receives USD 5.34 billion in FDI in current fiscal
Q. India has received how much in FDI in the first two months of the current fiscal (2016-2017)?- Published on 25 Jul 16a. USD 5.34 billion
b. USD 5.44 billion
c. USD 5.45 billion
d. None of the above
ANSWER: USD 5.34 billion
India has received USD 5.34 billion FDI in the current two months of the present financial year
- During April-May, country attracted USD 4.76 billion FDI under automatic route.
- Around USD 582 million came through the approval route.
- The aim is to ensure that India is one of the most attractive and investment friendly investment destinations in the world.
- Government has relaxed FDI policy in sectors such as pharma, defence, food retailing and broadcast.
- During the two months, defence received no FDI and pharma attracted USD 452.86 million foreign inflows.
- The other sectors include air transport, information and broadcasting and retail trading.
- In Q1 April-June of 2016-2017, FPI investors pumped in INR 10,4561 crore.
- For attracting the international investor, numerous reforms were taken in the FDI and FPI policy.
