According to the UK government 39 s data India was the largest source of foreign direct investm...........

Current GK (MTS) Indian Economy

According to the UK government's data, India was the ______ largest source of foreign direct investment in the UK during 2019-20.

This questions was previously asked in

SSC MTS 14th October 2021 Shift-3

View All SSCMTS Previous Year Papers

fourth

fifth

second

third

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Explanation:

Correct option 3: Second

According to data released by the UK Department for International Trade for the financial year 2019–20, India ranked as the second-largest source of Foreign Direct Investment (FDI) into the United Kingdom. Indian companies invested in 120 FDI projects, which created and safeguarded over 5,000 jobs in the UK during that period.

This placed India just behind the United States in terms of the number of FDI projects. The investment covered diverse sectors including technology, telecommunications, pharmaceuticals, financial services, and manufacturing, highlighting the growing strength of India–UK economic ties.

This ranking reflects India’s increasing role as a major investor in global markets and its close business relationship with the UK.