In the fiscal year 1995-96, foreign direct investment (FDI) inflow to India was ₹4,500 crore. In 2000-01, it rose to ₹14,800 crore. Calculate the percentage increase in FDI inflow over this period.
Answer
228.9% (approx.)
The correct answer is 228.9% (approx.) — Step 5: State the final percentage increase.
Step-by-step solution
- Step 1: Compute the increase in FDI = ₹14,800 crore – ₹4,500 crore = ₹10,300 crore.
- Step 2: Divide the increase by the original value: ₹10,300 / ₹4,500 = 2.2889.
- Step 3: Convert to percentage by multiplying by 100: 2.2889 × 100 = 228.89%. Step 4: Round to one decimal place: 228.9%.
- Step 5: State the final percentage increase.
Common mistake: Using the wrong denominator or forgetting to multiply by 100
Concept tested: Percentage change in FDI
Published · How this solution was prepared and checked
← All Economic Reforms Since 1991 questions