*Research Scholar, Department of Economics, Babasaheb Bhimrao Ambedkar University, Lucknow, India
**Guest Faculty, Department of Economics, UPVU, Dr. Shakuntala Mishra University, Lucknow, India
***Assistant Professor, Department of Economics, A. P. Sen Memorial Girls Degree College, University of Lucknow, Lucknow, India
Online published on 13 February, 2014.
India is the third leading economy after the United State and China in Purchasing Power Parity (PPP) terms. Our GDP is growing with 6.9% growth rate in the year 2011–12. In order to maintain growth rate of GDP as well as to achieve targeted growth rate for becoming developed economy, an acceleration of gross investment is needed. Gross investment of the economy is equal to the domestic investment both private & public, plus the foreign investment made by the foreigners, NRIs and OCBs. Among the foreign component, FDI has played a pivotal role in last two decades. The central concern of this paper is to analyze the trend of Foreign Direct Investment (FDI) in Indian textile industry. For this purpose, the semi log regression model has been used. The analysis is based on annual time series data. The result reveals that trend of FDI inflows in all sectors is increased since 2000 with the peak of FDI inflows being reached in 2008–09 whereas the peak of FDI inflows in textile sectors being reached in 2007–08.
Trend, FDI, Foreign Direct Investment, Textile Industry, India
