( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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ROLE OF FOREIGN DIRECT INVESTMENT IN THE DEVELOPMENT OF INDIAN ECONOMY

    1 Author(s):  MR. SHRISHSHRIVASTAVA .DR. GAJRAJ SINGH AHIRWAR

Vol -  7, Issue- 2 ,         Page(s) : 161 - 168  (2016 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

FDI refers to capital inflows from abroad that are invested in or to enhance the production capacity of the economy. (FDI) and economic growth has long been a subject of great interest in the field of international growth. In the era of volatile flows of global capital, the stability of FDI emerges as an effective channel to faster growth in developing countries. It plays an important role in the long-term development of a country not only as a source of capital but also for enhancing competitiveness of the domestic economy through transfer of technology, strengthening infrastructure, raising productivity and generating new employment opportunities. In India, FDI is considered as a developmental tool, which helps in achieving self-reliance in various sectors and in overall development of the economy

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