UPSC CSE Prelims 2003 Q85 — Indian Economy PYQ with Answer
2003Q85·Indian Economy·External Sector & Balance Of Payments
With reference to Government of India’s decisions regarding Foreign Direct Investment (FDI) during the year 2001-02, consider the following statements:
1. Out of the 100% FDI allowed by India in tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years.
2. Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26%.
