ACADEMICIA: An International Multidisciplinary Research Journal
  • Year: 2015
  • Volume: 5
  • Issue: 3

FDI as drivers of growth in economic sectors

  • Author:
  • Bhawna Arora
  • Total Page Count: 9
  • Page Number: 370 to 378

Assistant Professor, Arya College for Boys, Ludhiana, India

Online published on 3 June, 2015.

Abstract

FDI has become increasingly important in developing world with a growing number of developing countries, it is being the most attractive capital flow for emerging economies, is a leading source of external financing. This paper deals with upcoming opportunity in economic sectors namely primary, secondary, tertiary, quaternary and quinary sector. India agriculture has to achieve a higher growth rate targeted at 4% per annum on a sustainable basis. FDI in several sectors is an additionally of resource which helps in promoting domestic manufacturing and job creation. India's trade in services have increased overtime and services accounts for the largest share in India's foreign direct investment inflows and outflows. Investments in service activities e.g. education, research & development, information &communication technology etc. is essential for nation.

"For Indians FDI is a responsibility, it means to First Develop India, for global investors FDI is an opportunity in the form of Foreign Direct Investment."