Development and benefit of FDI in India

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Published: Sep 3, 2024
DOI: https://doi.org/10.29070/9nnrh626
Keywords:
foreign direct investment, India, economic development, labour, fast-growing private Indian enterprises, investment promotion, new technologies, capital inflow, exports, employment opportunities, financial services, exchange rate stability, backward areas, infrastructure, productivity, employment, sophisticated technology, foreign exchange reserves

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Authors

Surabhi Singh

Research Scholar, University of Rajasthan, Jaipur

Dr. D. S. Thalore

Principal, Government P.G. Law College, Sikar (Rajasthan)

Abstract

Foreign direct investment (FDI) is a key source of funds for India's economic development. Totake advantage of India's evolving economic climate and lower labour, foreign firms engage directly in fastgrowingprivate Indian enterprises. There are so many advantages of Foreign Direct Investments in Indialike Promotion of investment in key areas, New technologies, Increase in Capital inflow, Increase inExports, Promotion of Employment opportunities, Promotion of financial services, Exchange ratestability and development of backward areas. Foreign Direct Investment (FDI) is critical to a country'seconomic development. The entry of foreign cash has allowed India to improve its infrastructure,increase productivity, and increase employment. FDI also serves as a vehicle for acquiring sophisticatedtechnology and mobilizing foreign exchange reserves. This Article is an attempt to explore new benefitsof FDI for the economic growth of the nation.

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Issue

Vol. 16 No. 2 (2021): International Journal of Information Technology and Management (IJITM)

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Articles

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