Which of the following statements are correct?
1. Foreign direct investment inflows have been rising since 2014-15.
2. Industrial performance has declined from 2015-16 to 2016-17.
Select the correct option using the codes given below.

1 only

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2 only

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1 and 2

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Neither 1 nor 2

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Solution

The correct option is C 1 and 2
FDI inflows in India have been consistently rising since 2014-15. FDI in manufacturing is substantially higher than FDI in services. FDI inflows in India have been consistently rising since 2014-15. FDI in manufacturing is substantially higher than FDI in services.
The industrial sector in India including construction is an important contributor to growth and it accounted for around 31.1% of Gross Value Added in 2016-17. As per CSO, industrial performance has declined from 8.8% in 2015-16 to 5.6% in 2016-17.

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