Consider the following statements 1 Foreign Direct Investment FDI flows into India are steadily risi...........

Economic Affairs Foreign Investment

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Consider the following statements:

1.Foreign Direct Investment (FDI) flows into India are steadily rising over the last decade.

2.Government of India allowed 100 per cent FDI in single brand retail through automatic route.

3.India is the top recipient of Greenfield FDI inflows from the commonwealth nations.

Which of the statements given above are correct?

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

2 and 3 only

Statement 1 is incorrect. While FDI flows into India have been significant, the statement doesn't specify the exact trend over the last decade. It's not explicitly stated whether they are steadily rising or not.

Statement 2 is correct. The Government of India did allow 100 per cent FDI in single-brand retail through the automatic route, simplifying the process for foreign retailers to set up stores in India without prior approval.

Statement 3 is correct. India has been one of the top recipients of Greenfield FDI inflows from Commonwealth nations. This is a notable trend in recent years.

Therefore, the correct option is 2