International Research journal of Management Sociology & Humanities
( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH
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FDI: KEY TO INDIAN ECONOMIC DEVELOPMENT
1 Author(s): SHAILI SONI
Vol - 5, Issue- 2 , Page(s) : 353 - 360 (2014 ) DOI : https://doi.org/10.32804/IRJMSH
Foreign direct investment (FDI) is direct investment by a company in production located in another country either by buying a company in the country or by expanding operations of an existing business in the country. Why FDI? To take advantage of cheaper wages in the country. Special investment privileges such as tax exemptions offered by the country. To gain tariff-free access to the markets of the country or the region.