Question

The industry that brought forward more manufacturers in recent years by Foreign Direct Investment (FDI) is __________
A. Silk Industry
B. Cement Industry
C. Automobile Industry
D. Oil Industry

Answer 1

Hint: The Indian Industry which is in question is the fourth largest in the world. Apart from this the particular industry is one of the largest industries in the world in terms of revenue.

Complete answer: The Automobile Industry, by Foreign Direct Investment, has brought more manufacturers in recent years. The Indian Automobile Industry has an annual turnover of 100 billion dollars, which makes it the fourth largest automobile industry in the world.
Two wheeler, four wheeler, passenger and commercial vehicles are all included in the automobile industry. India’s two wheeler industry is the largest in the world. Around 32 million people are employed by the Indian automobile industry. Maruti is the largest manufacturer of automobile industry in India with a market share of 53.33 percent, followed by Hyundai which has a market share of 15.96 percent.

Option A - Silk Industry - The second largest producer of silk in the world is India. There are four major types of silk produced in India - Mulberry, Tasar, Muga and Eri.
Option B - Cement Industry - The second largest cement producer of the world is India. There are around 210 lage cement plants in India.
Option D - Oil Industry - The third largest consumer of oil in the world, in 2019, was India. India, in 2019, consumed 5.16 million barrels per day.

Therefore the correct answer is option C.

Note: It was in the year 1942 that the first automobile was manufactured in India. Hindustan Motors was the first to manufacture an automobile in India. It must be noted that 15 percent of the country’s total tax collection is from the automotive sector.