UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 7
July-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1807226


Registration ID:
184762

Page Number

523-530

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Title

ROLE OF FOREIGN DIRECT INVESTMENT IN THE DEVELOPMENT OF SELECTED INDUSTRIES IN INDIA

Abstract

FDI is one of the critical drivers of economic growth and is a major source of non debt finance for the economic development of India. Foreign companies invest in India with the purpose to take advantage of relatively lower wages, special investment privileges such as tax exemptions, etc. The achievements which accrue to our country due to foreign investments are technical know-how and greater employment for people. The favorable policy regime and robust business environment of India has also ensured that foreign capital keeps flowing into the country. The government has also taken many initiatives in recent years such as relaxing FDI norms across sectors such as defense, PSU oil refineries, telecom, power exchanges, and stock exchanges, among others. This paper attempts to examine the impact of FDI on the performance of selected sectors in India. The period of study under the current research is from year 2001-2017. The FDI (sector-wise) data has been collected from the government website of Department of Industrial Policy and Promotion (DIPP) and similarly the index value of selected sectors over the same period has been collected from Bombay Stock Exchange. Correlation and simple regression technique has been employed for the purpose of data analysis. The results of the study suggest that there is a significant impact of FDI on the performance of selected sectors in India. Also, same is being supported by available literature.

Key Words

Foreign direct investment, Bombay Stock Exchange, regression, Index value, PSU.

Cite This Article

"ROLE OF FOREIGN DIRECT INVESTMENT IN THE DEVELOPMENT OF SELECTED INDUSTRIES IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.523-530, July-2018, Available :http://www.jetir.org/papers/JETIR1807226.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"ROLE OF FOREIGN DIRECT INVESTMENT IN THE DEVELOPMENT OF SELECTED INDUSTRIES IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp523-530, July-2018, Available at : http://www.jetir.org/papers/JETIR1807226.pdf

Publication Details

Published Paper ID: JETIR1807226
Registration ID: 184762
Published In: Volume 5 | Issue 7 | Year July-2018
DOI (Digital Object Identifier):
Page No: 523-530
Country: Delhi, Delhi, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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