In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?
A
Chemicals other than fertilisers
B
Services sector
C
Food processing
D
Telecommunication
Correct Answer: Option B
Explanation
1 The question asks which sector attracted the highest Foreign Direct Investment (FDI) inflows into India in the last one decade prior to 2004.
2 During the late 1990s and early 2000s, the opening up of the telecommunication sector led to substantial FDI inflows, particularly in mobile telephony and related infrastructure.
3 While the services sector (including IT and financial services) also attracted significant FDI, and chemicals and food processing received investments, the telecommunication sector was often reported as the leading recipient during specific periods within that decade.