Emerging trends of foreign direct investments in BRICS economies with special reference to India

Liberalization and globalization have stimulated the development of closer financial and trade relations between developed countries and developing countries. Technical progress in transport and communications has minimized the economic gap noticeably. Countries now face much more intense and immediate competition than ever before. The world has experienced an immense transformation in the organisation and distribution of production. BRICS economies such as Brazil, Russia, India, China and South Africa have acquired important role in the world economy as producers of goods and services. BRICS economies prominently attract large foreign capital because of their huge potential in consumer market due to large population. In this paper an attempt has been made to highlights the recent trends of Foreign Direct Investments in BRICS economies. Compound Growth Rate has been computed to study the recent trends of FDI in these economies and it has been found out that the relative and absolute economic importance of BRICS Economies is expected to rise continuously for the foreseeable future. The analysis further reveals the fact that although India has insignificant position among BRICS Economies in quantitative terms of FDI inflows yet its performance in terms of growth with the period of time is very sound.