Impact of Foreign Direct Investment in India
Journal Title: IOSR journal of Business and Management - Year 2019, Vol 21, Issue 1
Abstract
Foreign direct investment (FDI) is the important catalysts for economic growth in developing countries. The association between Foreign Direct Investment (FDI) and economic growth is a subject of great interest in the field of international development. In the scenario of volatile flows of global capital, the stability of FDI emerges as an effective channel to faster growth in developing countries, particularly in relation to Least Developed Countries. After getting independence in 1947, the government of India envisioned a socialist approach to developing the countries economy - broadly based on the USSR system. The government decided to adopt an economic agenda that would follow five year plans. Each five year plan was focused on certain sectors of the economy that the government felt needed to be developed for the countries progress. The government followed an interventionist policy and dictated most of the norms of running a business by favoring certain sectors and ignoring others. Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is in contrast to portfolio investment which is a passive investment in the securities of another country such as stocks and bonds. This manuscript highlights various aspects affecting Indian Economy with respect to foreign direct investment.
Authors and Affiliations
Shuvrangshu Chakraborty
Keywords
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- EP ID EP431691
- DOI 10.9790/487X-2101010108.
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