Consider the following: 1. Foreign currency convertible bonds 2. Foreign institutional investment with certain conditions 3. Global depository receipts 4. Non-resident external deposits. Which of the above can be included in Foreign Direct Investments?
1, 2 and 3
3 only
2 and 4
1 and 4
Solution
FCCBs, FII with certain conditions, and GDRs can be included in FDI. NRE deposits are categorised under NRI deposits and not under FDI.