The 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?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e.1996.
The percent increase in FDI over the previous year:
1993 = (10.15 - 5.7)/5.7 × 100 = 78.07%
1994 = (12.16 - 10.15)/10.15 × 100 = 19.8%
1995 = Decrease
1996 = (24.23 - 10.22)/10.22 × 100 = 137.08%
1997 = (31.36 - 24.23)/24.23 × 100 = 29.42%