In 1995-96, foreign direct investment inflow to India was ₹5,000 crore. By 2000-01 it increased to ₹15,000 crore. Calculate the percentage increase in FDI over this period.
Answer
200%
The correct answer is 200% — Thus the FDI inflow increased by 200%.
Step-by-step solution
- Subtract the initial value from the final value: crore.
- Divide the increase by the initial value: .
- Multiply by 100 to convert to a percentage: %.
- Thus the FDI inflow increased by 200%.
Common mistake: Using the final value as the denominator instead of the initial value
Concept tested: Percentage change in FDI
Published · How this solution was prepared and checked
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