Prasanna Natarajan

Foreign Direct Investment in India: in the Reform Era Prasanna Natarajan

All countries seek to attract Foreign Direct Investment (FDI) for the package of benefits it brings along with it into the host country?s economy and most of the countries have formulated wide-reaching changes in their national policies for this purpose. India is not an exception to this spectacle. The government of India introduced full-fledged macro-economic reforms and structural adjustments under the IMF and World Bank adjustment programmes during 1991 and is since continuing on the same path. This reform process resulted in a phenomenal rise in the FDI inflows which gives rise to anxious questions regarding the impact of FDI on the Indian Economy. In this context, the present study analyses the increased inflows of FDI into the Indian economy and its effect on economic growth, investment and export performance. This book, besides presenting the effect of FDI on the Indian economy, studies the theories of FDI and the Indian FDI policy framework as well. It would be a rich resource for researchers, students, policy makers and all those concerned with issues related to FDI, growth and investment.