Impact of FDI on economic development of India

Once unlocking up of the Indian economy to the world economy, the country witnessed crowd stream of foreign capital into the economy. In the era of globalization foreign direct investment (FDI) takes vital part in the development of both developing and developed countries. Foreign Development Investment (FDI) offers a no. of profits like overture of new technology, innovative products, extension of new markets, introduction of new skills etc., which reflect in the growth of Nation's Income. India is ranked as the most favored end for foreign direct investment showing a remarkable growth rate year by year. This paper tries to analyze the trends of flow of foreign direct investment in India and its impact on selected economic indicators..