Growth and Development of FDI on Indian Economy
Journal Title: International Journal of Modern Engineering Research (IJMER) - Year 2014, Vol 4, Issue 7
Abstract
India has been attracting substantial of foreign direct investment since last few decades, highly in services sector, telecommunications, software products, real estate etc. FDI are highly promoting manufacturing sector of India’s exports & attracting more number of earnings on Foreign exchange, Institutional Investments, MNCs and speeding up our economic growth through Technology transfer, Employment generation and improved access to managerial expertise, global capital, product markets and distribution network. FDI bring out the generation-wise innovation, hidden technology, spending more on research & development to retain our strength in the globalised competitor products. Indian economy is going to over track the developed and developing countries. Recently, due to the recession most of the countries have not able to run their investment as well, but India has been managed better then developed country without elevated struggling. This paper analyzes the growth and development of FDI and it discussed the Indian economic growth through FDI. In addition it explains and showed the various sector-wise FDI performances in India.
Authors and Affiliations
J. Rama Devi , Prof. B. Ramachandra Reddy
Keywords
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