Question
Download Solution PDFThe following bar chart shows the vends of foreign direct investment (FDI) into India from all over the world.
For which year is the per cent increase in FDI over the previous year the highest?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
⇒ Increase in year 1993 = 10.15 – 5.7 = 4.45
Percentage increase = (4.45/5.7) × 100 = 78.07%
⇒ Increase in year 1994 = 12.16 – 10.15 = 2.01
Percentage increase = (2.01/10.15) × 100 = 19.80%
⇒ Decrease in year 1995 = 12.16 – 10.22 = 1.94
Percentage decrease = (1.94/12.16) × 100 = 15.95%
⇒ Increase in year 1996 = 24.23 – 10.22 = 14.01
Percentage increase = (14.01/10.22) × 100 = 137.08%
⇒ Increase in year 1997 = 31.36 – 24.23 = 7.13
Percentage increase = (7.13/24.23) × 100 = 29.42%
Therefore, the year in which FDI over the previous year was highest in 1996.
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