The following bar chart shows the vends of foreign direct investment (FDI) into India from all over the world.
For which year is the percent increase in FDI over the previous year the highest?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 1996
The percent increase in FDI in 1993 = [(10.15 - 5.7)/5.7] × 100 = 78.07 %
The percent increase in FDI in 1994 = [(12.16 - 10.15)/10.15] × 100 = 19.80 %
The percent increase in FDI in 1996 = [(24.23 - 10.22)/10.22] × 100 = 137 %
The percent increase in FDI in 1997 = [(31.36 - 24.23)/24.23] × 100 = 29.42 %
Hence, The percent increase in FDI in 1996 is the highest