Loading...
Please wait, while we are loading the content...
Similar Documents
Role of FDI in the Process of Economic Development
| Content Provider | Semantic Scholar |
|---|---|
| Author | Jagdish, Patil Devnarayan, Purohit |
| Copyright Year | 2019 |
| Abstract | FDI is commonly referred to as investment which is made to acquire long term interest in enterprises operating outside of the economy of the investor. FDI has played a very important role in the development of the Indian economy. It has facilitated to achieve a certain degree of financial stability, helps in increasing employment and also in promoting international trade, growth and development. Foreign Direct Investment is one of the main sources to supplement domestic capital and also bring in the latest technology and managerial abilities. After 1991 economic reforms, all the restrictions which were earlier in place on these investments were removed. As a result, the volume of foreign direct investment has significantly increased. Moreover, the composition and type of FDI have also changed. This has stimulated high hopes that FDI may serve as a catalyst to higher economic growth. From time to time government of India has taken a number of steps to boost FDI inflow into the country. One of such recent step is “Make in India” initiative launched by Prime Minister Mr. Narendra Modi in September 2014. This initiative was launched with the objective of liberalizing the FDI norms and improving ease of doing business in the country. |
| Starting Page | 1 |
| Ending Page | 1 |
| Page Count | 1 |
| File Format | PDF HTM / HTML |
| Volume Number | 12 |
| Alternate Webpage(s) | https://worldresearchersassociations.com/mngmntcurrissue/1.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
