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In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
- Chemicals other than fertilizers
- Services sector
- Food processing
- Telecommunication
Correct answer: Telecommunication
Solution
Telecommunication has attracted very high FDI inflows in India due to rapid expansion, privatization, and large capital requirements. Compared with the other listed sectors, it has been a major recipient of foreign investment.
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