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Published in:

Volume 7 Issue 11
November-2020
eISSN: 2349-5162

Unique Identifier

JETIR2011212

Page Number

575-580

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Title

Role of German Inflow "To Make in India"

ISSN

2349-5162

Cite This Article

"Role of German Inflow "To Make in India"", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 11, page no.575-580, November-2020, Available :http://www.jetir.org/papers/JETIR2011212.pdf

Abstract

Abstract: Investment in India provides the base for economic growth and development. In particular, for developing nations Foreign Direct Investment (FDI) consider safest type of international capital flows. It’s 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.FDI in India has contributed effectively to the overall growth of the economy in the recent times. FDI inflow has an impact on India's transfer of new technology and innovative ideas; improving infrastructure, thus makes a competitive business environment and to fulfill the dream of “To Make in India”. Over the year, not only the bilateral trade increased, but German firms have discovered new investment opportunities in India and so have the Indian firms in Germany. Indo-German economic relations are based on Trade, Technology and Investment. German industry, right from the beginning, was always more than a supplier of goods to India. Periods of high exports were always accompanied by large flows of investment and technology. Since liberalization started in 1991 the new spurt of German exports to India has led to an equally impressive boost in new investment and technical cooperation projects. Germany's cumulative FDI in India from January 2000 to December 2019 amounted to US$457.46 billion. Key areas of Investments have been transportation, electrical equipment, metallurgical industries, services sector (particularly insurance), chemicals, construction activity, trading and automobiles. Over 1,600 Indo-German collaborations and 600 joint ventures are represented in the Indian marketplace. Foreign investment helps to fill is that between governmental tax revenue and the locally raised taxes. By taxing the profits of the foreign enterprises the government of developing countries are able to mobilize funds for projects (like energy, infrastructure) that are badly needed for economic development. Foreign investment meets the gap in managements, entrepreneurship, technology and skill.

Key Words

Development, Trade, Globalizations, Investment, Employment, FDI, Technology.

Cite This Article

"Role of German Inflow "To Make in India"", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 11, page no. pp575-580, November-2020, Available at : http://www.jetir.org/papers/JETIR2011212.pdf

Publication Details

Published Paper ID: JETIR2011212
Registration ID: 303629
Published In: Volume 7 | Issue 11 | Year November-2020
DOI (Digital Object Identifier):
Page No: 575-580
ISSN Number: 2349-5162

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Cite This Article

"Role of German Inflow "To Make in India"", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 11, page no. pp575-580, November-2020, Available at : http://www.jetir.org/papers/JETIR2011212.pdf




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