Question : Direction: Study the bar diagram carefully and answer the question. The bar diagram shows the trends of Foreign Direct Investment (FDI) into India from all over the world (in INR crores).
The year that exhibited the second–highest growth percentage in FDI in India over the period shown is:
Option 1: 1993
Option 2: 1994
Option 3: 1997
Option 4: 1996
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Correct Answer: 1994
Solution :
From 1992 to 1993, India's FDI growth percentage = $\frac{10.15 – 5.7}{5.7}×100$ = 78.07%
From 1993 to 1994, India's FDI growth percentage = $\frac{20.16 – 10.15}{10.15}×100$ = 98.62%
From 1994 to 1995, India's FDI growth percentage = $\frac{10.22 – 20.16}{20.16}×100$ = –49.30%
From 1995 to 1996, India's FDI growth percentage = $\frac{24.23 – 10.22}{10.22}×100$ = 137.08%
From 1996 to 1997, India's FDI growth percentage = $\frac{31.36 – 24.23}{24.23}×100$ = 29.43%
Hence, the correct answer is 1994.
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