Academy of Marketing Studies Journal (Print ISSN: 1095-6298; Online ISSN: 1528-2678)

Abstract

Foreign Direct Investment (Fdi) In India and Its Impact on Economic Development an Empirical Assessment

Author(s): Sameer Shekhar, N. Jena and Nitin Seth

The concept of FDI in modern days of business acquires enormous significance across the world economy, as it enables and strengthens an economy with greater productive capacity and act as vital economic device through which the economy attains big leap amidst tough and extremely competitive environment. In the aura of globalization FDI has great value across the world. In 1991, when the new economic policy was introduced with special provisions of liberalization, privatization and globalization, various countries started to invest in our economy. It is also a fact that, no economy stays isolated and unaffected from anything that happens around the world these days. Considering the same it is an effort to investigate the impact of foreign direct capital investment pattern on export and economic growth for the period of 20 years from 2000-01 to 2019-20. The present study is concerned with the assessment of trend in foreign direct equity capital investment as explanatory variable, and gross export and gross domestic product value as response variable. Linear regression model using NCSS 2020, and SPSS has been applied to reach the inferences regarding degree of influence of the dependent variable on independent variable. The study also provides an overview of the growth trend in FDI inflow, FII inflow for the 20 years in which financial crisis 2008-09 has been assumed as a landmark to compare the change in the trends of investment before and after the crisis.

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