• Sibi Natuvilakkandy

The opening up of the economy to global market in 1991 has made a drastic change in the investment and business climate of our country. Indian economy has witnessed a sea change in foreign investment policy as governments removed many restrictions on financial flows in and out of the country. The investor friendly trade and investment policies formulated by government made India an attractive destination for foreign investors and it stimulate the flow of foreign capital to India .Today India is a major hub for Foreign Direct investment among different countries of the world. The FDI can contribute to the economy of host countries through its contribution to GDP, employment, technological advancement and can influence the financial variables in the economy especially stock market indices ,FOREX rate and even balance of payment .The uninterrupted inflow of FDI in India will provide an impetus to manufacturing, innovation and start-ups which in turn will enable to fulfil the objectives of recent flagship programmes of Government of India like, Make in India, Digital India and Skill India. This will help to accelerate the growth rate and can help the country to emerge as a fast growing economy globally.

Globalisation, Foreign Direct Investment,Economic Growth,

"Does Foreign Direct Investment propel the engine of Economic Growth in India?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.156-161, April-2019, Available :http://www.jetir.org/papers/JETIR1904T22.pdf

"Does Foreign Direct Investment propel the engine of Economic Growth in India?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp156-161, April-2019, Available at : http://www.jetir.org/papers/JETIR1904T22.pdf