Document is current
Any future updates will be listed below
- Authors
-
More Information
This article is maintained by: Business, Management and Economics Engineering
Content Type: Research Article
CrossChecked: Yes
Peer Review
Peer Reviewed: Yes
Review Process: Double blind
Publication History
Published: 2024-01-22
Copyright and Licensing
Copyright: @ 2024 The Author(s). Published by Business, Management and Economics Engineering
A STUDY ON ROLE OF FOREIGN DIRECT INVESTMENT ON INDIAN ECONOMIC GROWTH WITH SPECIAL REFERENCE TO SERVICE SECTOR
Abstract
FDI is a Global Phenomenon, whereas One Country Lends their support to other County with an expectation of Share in the Returns earned. FDI is Driving force which Leads to the Economic Development of the Nations. Policies governing foreign direct investment (FDI) have a significant impact on the global economic development of poor nations. As a result, attracting FDI inflows through conductive policies has emerged as a major conflict zone in emerging nations. The Study tries to Analyse Foreign Direct Investment and its impact on Indian Economic Growth with Special Reference to Service Sector. Year-wise Data is collected from Various Secondary Sources like Rbi.org, Dpiit.com, magazines, newspapers etc., Various Statistical techniques like Correlation, Regression, Time Series Analysis are used in the study and the results show that there exists no positive correlation between the FDI, GDP, Exports, and Imports. The study concludes that GDP shares Positive relation with FDI in Service Sector, whereas Exports and Imports doesn’t share much relation with FDI in Service Sector.
Keyword : , , , , , , , ,
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Reenu Kumari, Anil Kumar Sharma, (2017) "Determinants of foreign direct investment in developing countries: a panel data study", International Journal of Emerging Markets, Vol. 12 Issue: 4, pp.658-682 2) Ahmad Khalid Khan, (2019) “impact of demonetization on outwards foreign direct investment of India special reference of Asian countries” Referred Journal of CMR College of Engineering & Technology January-March 2019, Volume 8, No. 1, pp 23- 42 ISSN: 2277-6753 (Print) ISSN: 2322-0449 (Online) 3) Piyali Roy Chowdhury, Anuradha, (2021) ‘Relationship of Foreign Direct Investment (FDI) Inflows and Exchange Rate in the Context of India: A Two-Way Analysis Approach’ Annals of R.S.C.B., ISSN:1583-6258, Vol. 25, Issue 6, 2021, Pages. 591- 600 Received 25 April 2021; Accepted 08 May 2021 4) Saileja Mohanty and Narayan Sethi, (2019) ' Does Inward FDI Lead to Export Performance in India? An Empirical Investigation ' 1–16 © 2019 IMI Reprints and permissions: in.sagepub.com/journals-permissions India 5) Pooja Sengupta and Roma Puri, (2018) ' Exploration of Relationship between FDI and GDP: A Comparison between India and Its Neighbouring Countries' Global Business Review 21(1) 1–17 © 2018 IMI SAGE Publications sagepub.in/home. Av DOI: 10.1177/0972150918760026 6) Dr Ampu Harikrishnan, (2018) ' Evaluation of FDI in India as a Growth Engine of GDP in the Country ' Conference Proceeding of 4 th (ICAEASM 2018) Indian Council of Social Science Research, Northwest Regional Canter, Punjab University Campus, Chandigarh, India on 1st July 2018, ISBN: 978-93-87433-28-1 7) Irene and Rozita, (2015) 1877-0428 © 2015 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-ncnd/4.0/). 8) Gulshan, (2015), "Inflows of FDI in India: pre and post reform period” International Journal of Humanities and Social Science Invention ISSN (Online): 2319 9) Bhavya Malhotra, (2014) " Foreign direct investment: Impact on Indian Economy" – 7722, ISSN (Print): 2319 – 7714 www.ijhssi.org Volume 2 Issue 2 ǁ February. 2013ǁ PP.01-11 10) S Joseph, (2014) "Foreign direct investment in India" Global Journal of Business Management and Information Technology. ISSN 22783679 Volume 4, Number 1 (2014), pp. 17-23 © Research India Publications