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?
Answer & explanation
Correct answer: option 3
By solving one by one for each option ,
1. 1997
Percent increase in FDI = \(\frac{31.36 - 24.23}{24.23}\) × 100
= \(\frac{ 7.13}{24.23}\) × 100
= 29.42%
2. 1994
Percent increase in FDI = \(\frac{12.16 - 10.15}{10.15}\) × 100
= \(\frac{ 2.01}{10.15}\) × 100
= 19.80%
3. 1996
Percent increase in FDI = \(\frac{24.23 - 10.22}{10.22}\) × 100
= \(\frac{14.01}{10.22}\) × 100
= 137.08%
4. 1993
Percent increase in FDI = \(\frac{10.15 - 5.7}{5.7}\) × 100
= \(\frac{ 4.45}{5.7}\) × 100
= 78.07%
So , Percent increase in FDI is maximum in 1996 .