FDI: A REAL BOOST TO GROWTH OF EMERGING ECONOMIES
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2018, Vol 2, Issue 1
Abstract
Increased availability of investable resources by foreign countries has led Foreign Direct Investment to become need of an hour. Emerging economies thriving towards achieving higher rates of economic growth are considering Foreign Direct Investments to be the best source of funds. OECD defines Foreign Direct Investment as “Foreign direct investment reflects the objective of obtaining a lasting interest by a resident entity in one economy (‘‘direct investor’’) in an entity resident in an economy other than that of the investor (‘‘direct investment enterprise’’). The lasting interest implies the existence of a long-term relationship between the direct investor and the enterprise and a significant degree of influence on the management of the enterprise. Direct investment involves both the initial transaction between the two entities and all subsequent capital transactions between them and among affiliated enterprises, both incorporated and unincorporated”. Indian economy is one such economy which has shown increasing volume of Foreign Direct Investment amounting to US$ 44468 million till 2018. This research paper deals with relationship of FDI and GDP of BRICS economies
Authors and Affiliations
Suman Bhakri, Ravleen Kaur
Keywords
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- EP ID EP411974
- DOI 10.26480/icefs.01.2018.29.31
- Views 62
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