Which of the following has helped in the tremendous growth of India's service sector in recent times?

Foreign direct investments

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Foreign deposit insurance

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Foreign direct innovations

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Foreign direct inventions

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Solution

The correct option is A Foreign direct investments
A lot of credit for India's service sector growth goes to foreign direct investment (FDI). FDI is an investment made by a firm or an individual of one country in business interests located in another country. FDI policy is expected to bring new infrastructural facilities that will make production more efficient.

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