Paper Title
Impact of Sector-Specific FDI on Growth in India
Article Identifiers
Authors
Devesh Maniramka
Keywords
Foreign Direct Investment, Growth, Sector, Gross Domestic Product, Indian Economy
Abstract
It is widely believed that foreign direct investment (FDI) has the potential to stimulate economic growth and consequently, attracting FDI has for long been an integral policy objective for the Indian Government. This paper aims to analyze the impact of FDI, both aggregate and sector-level, on the economic growth of India. Time series regression analysis is undertaken for the Indian economy over the period 2006-07 to 2019-20. The findings indicate that the total FDI inflows positively influence GDP. However, it is noteworthy that this effect is not uniform across sectors – FDI in the primary sector has an adverse effect on growth, while those in the secondary and tertiary sectors have beneficial outcomes.
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How To Cite (APA)
Devesh Maniramka (July-2023). Impact of Sector-Specific FDI on Growth in India. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(7), e201-e216. https://ijnrd.org/papers/IJNRD2307424.pdf
Issue
Volume 8 Issue 7, July-2023
Pages : e201-e216
Other Publication Details
Paper Reg. ID: IJNRD_201857
Published Paper Id: IJNRD2307424
Downloads: 000121984
Research Area: Social Science and HumanitiesÂ
Country: Kolkata, West Bengal, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2307424.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2307424
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