Factors Determining in Foreign Direct Investment (FDI) in India
R. Vijayalakshmi1, V. Palanisingh2, G. Lingavel3, T. R. Gurumoorthy4
1R.Vijayalakshmi, Ph.D Research Scholar, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
2V. Palanisingh, Assistant Professor, Department of Commerce, Karunya Institute of Technology and Science, Coimbatore (Tamil Nadu), India.
3G. Lingavel, Research Assistant, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
4Dr. T. R. Gurumoorthy, Senior Professor and Head, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 21 September 2019 | Revised Manuscript received on 06 October 2019 | Manuscript Published on 11 October 2019 | PP: 722-729 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B11290982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1129.0982S1019
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© 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: Foreign direct investment (FDI) has become an integral part of national development strategies for almost all the nations globally. The study global popularity and positive output in augmenting of domestic capital, productivity and employment; has made it an indispensable tool for initiating economic growth for countries. The FDI in India has contributed effectively to the overall growth of the economy in the recent times. The government adopted a New Economic Policy which promoted the policy of LPG (Liberalization, Privatization and Globalization). This has resulted in promoting more foreign direct investment into the country. The purpose of this study is to investigate the factors determining the foreign direct investment in India. This study also examines foreign direct investment in India. The main objectives of the study factors determining in foreign direct investment in India. The data mainly based on secondary data. The collected data were analysed by using trend analysis and growth rate of top ten sectors in India. This study also found that FDI in India has contributed effectively to the overall growth of the economy in the recent times. Thus, India can grow without FDI and in fact developed without or with very little FDI. Developing countries like India need substantial foreign inflows to achieve the required investment to accelerate economic growth and development.
Keywords: Foreign Direct Investment, Economic Growth, Foreign Direct Investment Sectors, Economic Policy, Developing Countries.
Scope of the Article: e-governance, e-Commerce, e-business, e-Learning