Question
Consider the following statements in regards to Central
Bank Digital Currency (CBDC): I) FDI into India declined sharply to $13.9 billion in April-July 2023. II) Around two-thirds of the FDI equity flows were directed towards manufacturing, financial services, business services, computer services, electricity etc. III) Singapore, Japan, the Netherlands, the US, and Mauritius were major source countries, accounting for more than two-thirds of the FDI equity flows during the same period Which of the following statements is/are correct?Solution
The equity foreign direct investment (FDI) into India declined sharply to $13.9 billion in April-July 2023 from $22.04 billion a year ago. Around two-thirds of the FDI equity flows were directed towards manufacturing, financial services, business services, computer services, electricity, and other energy sectors. Singapore, Japan, the Netherlands, the US, and Mauritius were major source countries, accounting for more than two-thirds of the FDI equity flows during the same period.
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