INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
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.
Keywords:
Foreign Direct Investment, Growth, Sector, Gross Domestic Product, Indian Economy
Cite Article:
"Impact of Sector-Specific FDI on Growth in India", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.e201-e216, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307424.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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