Foreign Direct Investment on Export of Leather and Leather Products in India
A. Muthusamy1, V. Ganesh2
1Dr. A. Muthusamy, Professor, Department of International Business, Alagappa University, Karaikudi (Tamil Nadu), India.
2Mr. V. Ganesh, Research Scholar Full Time, Department of International Business, Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 18 September 2019 | Revised Manuscript received on 05 October 2019 | Manuscript Published on 11 October 2019 | PP: 214-217 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B10360982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1036.0982S1019
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Globalization brought the foreign direct investment which often made in developing countries and open economic countries like India. It offers an adept workforce and yield flourishing prospects for the investor. A foreign investment prospers domestic markets and induces to get into global markets as well as to enhance and experience the international trade exposure. FDI also introduces more substantial benefits like inventive products, technology, job opportunity, expansion of trade and helps to build FOREX reserve to satisfy the trade deficit. The leather and leather products industry has got inherent potential for FDI inflow. The leather industry in India considered as a major accord to Indian economy, which accounts for 12.9% of the global leather production. Annually produces around 3 billion sq.ft of hides and skins, contributes 9% of the global footwear production annually produces 2257 million pairs and 11% of the world’s goat and sheep population. The leather and leather products industry is providing employment for more than 4 million people. FDI inflow in leather and leather products industry has reached from $51.58 million to $193.7 million during the years 2005 to 2019. The study examines the export trade performance of leather industry and the impact of FDI inflow in leather industry. This research work will further analyze the relationship between foreign investment and International trade of leather and leather products in India. The findings and interpretation of the study will provide additional inputs in existing policy framework. To testify this argument two way Anova and correlation are used.
Keywords: Leather, Export, Foreign Direct Investment, International Trade.
Scope of the Article: Social Sciences