Question : Which sector witnessed the largest inflow of foreign direct investment (FDI) after the 1991 economic policy?
Option 1: Manufacturing
Option 2: Agriculture
Option 3: Services
Option 4: Infrastructure
Answer (1)
21st Jan, 2024
Correct Answer: Services
Solution : The correct answer is (c) Services.
The liberalization measures and economic reforms opened up opportunities in the services sector, including areas such as information technology, telecommunications, banking and financial services, business process outsourcing (BPO), and other knowledge-intensive services. These sectors attracted significant foreign investments due to the availability of skilled manpower, cost competitiveness, and the growing global demand for services.
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