• Dr. A. Thilagaraj

Foreign direct investment (FDI) is a is a major source of non-debt financial resource for the economic development. The paradigm shit in the foreign and trade policies have attracted foreign investments into India in the past two decades. FDI has enabled India to achieve a certain degree of financial stability, growth and development. Foreign direct investment is done for many reasons including to take advantage of cheaper wages in the country special investment privileges such as tax exemptions offered by the country as an incentive to gain tariff-free access to the markets of the country or the region. Foreign direct investment is a passive investment in the securities of another country such as stocks and bonds and also known as portfolio investment. FDI explains about the net inflows of investment to acquire a management interest and also management control and profit sharing as a part of the national accounts of a country. FDI is now widely perceived as an important resource for expediting the industrial development of developing countries especially India because of the fact that it flows as a bundle of capital, technology, skills and sometimes even market access. Hence the present study is such an attempt to identify and analyze the FDI on economic growth of India.

Foreign direct investment (FDI), Economic growth, Industrial development, Sector - wise, Country - wise, Correlation.

"A Study on Foreign Direct Investment in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.665-674, December-2018, Available :http://www.jetir.org/papers/JETIR1812992.pdf

"A Study on Foreign Direct Investment in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp665-674, December-2018, Available at : http://www.jetir.org/papers/JETIR1812992.pdf