Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu has inaugurated the Indo-Monaco Business Forum in New Delhi. Bilateral trade between India and Monaco in 2017-18 was USD 3.01 million, and there is immense potential to scale up the bilateral trade between the two nations. Monaco is ranked 106th among foreign direct investor in India (since April 2000 to June 2018) with USD 2.51 million FDI equity inflow.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important For NIACL AO Mains Exam:
- Monaco Capital: Monte Carlo, Currency: Euro.