India was recently ranked third for attracting foreign equity fund inflows among global emerging markets - across Asia, Middle East, Latin America, Europe and Africa - during 2004. Which among the following countries was at number one position?
-
Malaysia
-
Taiwan
-
Mexico
-
Chile
B
Correct answer
Explanation
In 2004, Taiwan attracted the highest amount of foreign equity fund inflows among global emerging markets, followed by South Korea and India. India's third-place ranking was a significant milestone, reflecting growing global investor confidence in the Indian economy. Taiwan's strong technology sector was a major draw for foreign institutional investors (FIIs) during that period.