FDI as drivers of growth in economic sectors
Bhawna Arora
Abstract
Bhawna Arora
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.
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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.
Key concepts: Foreign direct investment, Business, Tertiary sector of the economy, Sustainable growth rate, Developing country, Agriculture, Capital (architecture), Investment (military)