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Recently FDI inflows into the service sector grew to ______ in 2014-15.
1. 1.5 billion dollars
2. 2.2 billion dollars
3. 4.1 billion dollars
4. 3.25 billion dollars

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Correct Answer - Option 4 : 3.25 billion dollars

The correct answer is 3.25 billion dollars.

  

  • With the government taking steps to improve ease of doing business and attracting investments, FDI inflows into the services sector grew by over 46 per cent to USD 3.25 billion in 2014-15.
  • The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth USD 2.22 billion in 2013-14.
  • However, the total foreign inflow in 2014-15 in the services sector was low as compared to 2012-13 when it was USD 4.83 billion, according to the Department of Industrial Policy and Promotion (DIPP) data.

​ 

 Department of Industrial Policy and Promotion (DIPP) -

  • Founded: 1995
  • Parent organization: Ministry of Commerce and Industry
  • Secretary - Dr. Guruprasad Mohapatra

​ 

  • Minister of Commerce and Industry - Shri Piyush Goyal 
    • Constituency - Maharashtra
  • Minister of State for Commerce and Industry -
    • Shri Hardeep Singh Puri​
    • Shri Som Parkash

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