Q. 303.9( 7 Votes )

‘The opening up o

Answer :

I defend this statement. Improvement or opening up of the Indian economy has played a pivotal role in increasing the FDI and FII of the economy. As per the matter of fact, both FDI and FII have increased from about US $100 million in 1990-91 to US$74 billion recently. The status of India has been significantly improved from a debt raiser or borrower to self dependent or a growing economy. India is growing at a fast pace. Make in India campaign has contributed a lot in bringing FDI in India.

Due to the opening up of the Indian economy, India has become one of the largest foreign exchange reserve holders in the world. India has marked an increase in foreign exchange reserves from about US$ 6 billion in 1990-91 to about US $ 321 billion in 20014-15.

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