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Question

Who among the following eminent economists brought FDI to India?


A
Mahboob Ul Haq
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B
Amartya Sen
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C
Narendra Modi
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D
Dr. Manmohan Singh
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Solution

The correct option is D Dr. Manmohan Singh

FDI stands for foreign direct investment. According to it, foreign companies invest directly in fast growing business areas to make use of cheaper wages and changing business environment. Eminent economists who brought FDI to India are Dr. Manmohan Singh and P.V. Narasimha Rao. P.V. Narasimha Rao was the prime minister and Dr. Manmohan Singh was his finance minister during 1991 economic crisis.


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