Question

As per the data up to November, 2020, released by the Union Finance Ministry, which one of the following countries ranks 1 in terms of ODI (Outward Direct Investment) for the year 2020-21?
1. USA
2. Singapore
3. Mauritius
4. United Kingdom

Answer 1

Correct Answer - Option 2 : Singapore

The correct answer is Singapore.

• An outward direct investment (ODI) is a business strategy in which a domestic firm expands its operations to a foreign country.
• In Outward Direct Investment ranking up to Nov 2020, Singapore stood at the top with 1295.48$ million.
• Outward Direct Investment is also called Overseas Direct Investment.
• For the year 2020-21, net ODI is 5,954.57$ million, which is 53.8% less than the previous year.
• For the year 2019-20, net ODI was 12,880.27$ million.

• Top 5 Countries for the year 2020-21.

Rank	Country	ODI (In US$ Million)
1	Singapore	1295.48
2	USA	1295.48
3	Mauritius	842.09
4	Netherlands	842.09
5	United Kingdom	297.47