What was the gross inward Foreign Direct Investment (FDI) in India during April-August 2024?

Correct option is B

The correct option is (B) US $36.1 billion.​

Explanation:
According to the Reserve Bank of India’s data, gross inward FDI during April–August 2024 increased to US $36.1 billion, up from US $27.4 billion in the same period the previous year.This growth reflects a positive trend in foreign investments into India. ​

Information Booster:

• FDI Sources: Major FDI contributors include Singapore, Mauritius, United States, Netherlands, and United Arab Emirates, accounting for approximately 75% of total inflows.

• Key Sectors: The primary sectors attracting FDI are manufacturing, financial services, communication services, and electricity and other energy sectors.

• Policy Initiatives: India's initiatives like "Make in India" and liberalized sectoral policies have enhanced its appeal as a global investment destination.

• Global Standing: India ranks among the top recipients of greenfield FDI projects, highlighting its growing prominence in global investment flows.