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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

FDI up 48% since 'Make in India' campaign

In a sign that reflects investors confidence in the Centre's 'Make in India' initiative, the foreign direct investment (FDI) into the country has witnessed a 48 percent jump in the seven-month period till April 2015, the Commerce and Industry Ministry said. The initiative was launched on 25th September last year with an aim to make India a manufacturing hub of the world. The Ministry also said that in 2014-15, Foreign Institutional Investors (FIIs) investment grew by 717 percent to USD 40.92 billion. Further, FDI inflows under the approval route grew 87 percent to USD 2.22 billion during the previous fiscal. "These indicators showcase remarkable pace of approval being accorded by the government and confidence of investors in the resurgent India," the Ministry said in a statement on Tuesday.