FDI In Country Rises 23% To About 13 billion dollars In 1st Quarter

According to the Department of Industrial Policy and Promotion data, Foreign Direct Investment, FDI in India rose 23% to 12.8 billion dollars during the April to June quarter of this fiscal. The foreign fund inflows in April-June 2017-18 stood at 10.4 billion dollars. 
Key sectors that received maximum foreign investment during the first quarter of the current fiscal include services 2.4 billion dollars, trading 1.62 billion dollars and telecommunications 1.59 billion dollars. Singapore was the largest source of FDI during April to June quarter with 6.52 billion dollars.

Source- AIR World Service

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Arun Jaitley is the present Finance Minister of India. 


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