Chemicals other than fertilizers
Services sector
Food processing
Telecommunication
Answer is Right!
Answer is Wrong!
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, which provides a large market for services.
- India has a skilled workforce, which is attractive to foreign investors.
- India has a favorable investment climate, with a stable government and a sound legal system.
- India has a number of free trade agreements with other countries, which makes it easier for foreign companies to do business in India.
The other options are incorrect for the following reasons:
- Chemicals other than fertilizers is a manufacturing sector, which has not attracted as much FDI as the services sector.
- Food processing is a manufacturing sector, which has not attracted as much FDI as the services sector.
- Telecommunication is a services sector, but it has not attracted as much FDI as the services sector as a whole.