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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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