An Evaluation of Foreign Direct Investment in India
Dr. Kavita Saxena ()
Additional contact information
Dr. Kavita Saxena: Assistant Professor, Department of Economics, D. N. Collge, Meerut, U.P.
Journal of Commerce and Trade, 2014, vol. 9, issue 2, 96-100
FDI benefits domestic industry as well as the consumers by providing opportunities for technological upgradation, access to global managerial skills and practices, optimal utilization o human and natural resources, making Indian industry internationally competitive, opening of export market, providing backward and forward linkages and access to international quality goods and services. It is most important that FDI is central for India’s integration into global production chain, which involves production by multinational corporations spread across locations ail over the world. Liberalization policies have led to rapid growth in FDI flows in recent years. Basing on the benefits associated with FDI several developing; as well developed countries complete to a high degree for FDI. Foreign capital is considered as an important element in the path of development process in India. FDIs have created tremendous opportunity for India’s development and helped to boost the performance of local firms as well as the globalization of some of them. This has undeniably raised India’s stature among developing countries. India needs massive investments to sustain high- quality economic growth, particularly in the energy and infrastructure sectors. Policy makers are looking at FDI on its own is not a panacea for rapid growth and development. What India needs is to put in place a comprehensive development strategy, which includes being open to trade and FDI. This should go a long way in fulfilling the ultimate goal of permanently eradicating poverty.
Keywords: Liberalisation; FDI; Foreign Capital (search for similar items in EconPapers)
JEL-codes: F23 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jct:journl:v:9:y:2014:i:2:p:96-100
Access Statistics for this article
Journal of Commerce and Trade is currently edited by Dr. Himanshu Agarwal
More articles in Journal of Commerce and Trade from Society for Advanced Management Studies
Series data maintained by Dr. Himanshu Agarwal ().