Open AccessGrowth of Foreign Direct Investment in Indian Textile Sector
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.b1038.0982s1019
Subject(s) - foreign direct investment , business , debt , government (linguistics) , international economics , stock (firearms) , economic sector , capital (architecture) , economic policy , international trade , economics , market economy , economy , finance , macroeconomics , engineering , mechanical engineering , history , linguistics , philosophy , archaeology
Apart from being a critical driver of economic growth, foreign direct investment (FDI) is a major source of non-debt financial resource for the economic development of India. Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges such as tax exemptions, etc. For a country where foreign investments are being made, it also means achieving technical know-how and generating employment. The Indian government’s favorable policy regime and robust business environment have ensured that foreign capital keeps flowing into the country. The government has taken many initiatives in recent years such as relaxing FDI norms across sectors such as defence, PSU oil refineries, telecom, power exchanges, and stock exchanges, among others. The proposed paper deals with the structure and growth in FDI in Indian Textiles sector during the post reforms periods in India.