Open AccessRole of FDI: Status and Performance in Indian Economy
Author(s) -
Tejashbhai Ramanbhai Rohit
Publication year - 2022
Publication title -
international journal for research in applied science and engineering technology
Language(s) - English
Resource type - Journals
ISSN - 2321-9653
DOI - 10.22214/ijraset.2022.40027
Subject(s) - foreign direct investment , tertiary sector of the economy , productivity , business , economic sector , attractiveness , developing country , government (linguistics) , investment (military) , service (business) , economics , international economics , international trade , economy , economic growth , macroeconomics , politics , political science , psychology , linguistics , philosophy , psychoanalysis , law
Foreign Direct Investment is considered as one of the important tool for the economic development particularly in the interest of the developing and underdeveloped countries. It transfers financial resources, innovative technology and management techniques which increases the productivity in the country. In India, company can raise Foreign Direct Investment through automatic route or government route. FDI in various sectors of an economy will show the relative opportunity and attractiveness of the sector. Huge amount of FDI in specific sector will show the potential development and opportunity in the sector. This paper is an attempt to study the role of FDI in India and it exhibit the sector-wise & year-wise analysis of FDI’s in India. The results show that the computer software and hardware sector has attracted huge amount of FDI in India followed service sector. Further it has been observed that year by year the FDI have shown the increasing trend in an economy. Keywords: Foreign Direct Investment, Sectorial Analysis, Economic Growth,