The correct answer is B. Services sector.
The services sector has attracted the highest foreign direct investment inflows into India in the last one decade. This is due to the following reasons:
- India has a large and growing population with a rising middle class. This provides a large market for services companies.
- India has a well-educated workforce with English language skills. This makes it an attractive destination for services companies.
- India has a favorable regulatory environment for services companies.
- The Indian government has been promoting the services sector as a key driver of economic growth.
The services sector includes a wide range of activities, such as banking, finance, insurance, information technology, telecommunications, tourism, and transportation. In recent years, the services sector has grown faster than the manufacturing sector in India. This is due to the following factors:
- The growth of the Indian economy has led to an increase in demand for services.
- The Indian government has been promoting the services sector as a key driver of economic growth.
- The Indian services sector has become more competitive in recent years.
The growth of the services sector has had a positive impact on the Indian economy. It has created jobs, increased exports, and contributed to economic growth. The services sector is expected to continue to grow in the future, and it is likely to remain a key driver of economic growth in India.
The other options are incorrect for the following reasons:
- Option A: Chemicals other than fertilizers is a manufacturing sector. The manufacturing sector has not attracted the highest foreign direct investment inflows into India in the last one decade.
- Option C: Food processing is a manufacturing sector. The manufacturing sector has not attracted the highest foreign direct investment inflows into India in the last one decade.
- Option D: Telecommunication is a services sector. However, it has not attracted the highest foreign direct investment inflows into India in the last one decade.