UPPCS · प्रश्न 54
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R). Assertion (A): During 2023-24, Singapore emerged as the largest source of FDI to India. Reason (R): The India-Mauritius Tax Treaty amendment has brought a major shift in countries as major sources of FDI to India. Select the correct answer using the code given below.
उत्तर देखें और व्याख्या
उत्तर: (C) Both (A) and (R) are true and (R) is the correct explanation of (A)
व्याख्या
Singapore was the top FDI source in 2023-24. The 2016 amendment to the India-Mauritius DTAA removed capital-gains benefits and shifted routing to Singapore. (Verify with the official key.)