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As per DPIIT, which of the following sectors of Indian economy received the highest inflows of foreign direct investment (FDI) in 2019-2020?
Question

As per DPIIT, which of the following sectors of Indian economy received the highest inflows of foreign direct investment (FDI) in 2019-2020?

A.

Construction Sector

B.

Computer Services

C.

Financial Services

D.

Service Sector

Correct option is D

The correct answer is (D Service Sector

  • According to the Department for Promotion of Industry and Internal Trade (DPIIT), the services sector received the highest Foreign Direct Investment (FDI) in India during 2019-2020. 
  • Services sector: Attracted the highest FDI equity inflow of $7.85 billion.

Information booster:

  • Computer software and hardware: Received $7.67 billion in investments.
  • FDI plays a vital role in India's economic development by providing non-debt financial resources and boosting economic growth.
  • Singapore was the largest source of FDI in India for the year, contributing $14.67 billion.

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