Foreign Direct Investment Scenario In India: A Study After Economic Reforms

Abstract

Globalization has eradicated the concept of close and isolated economies. All the countries of the world have international standings on the global level. India being one of the most prominently developing economy of the world has lured countries round the world and has been the hive for the FDI. FDI is the result of Globalisation with add-on of liberalization policies based on a simple concept of opportunity gain by utilising niche and cost advantage over diversified geographical market. Economic reforms of 1991 have proved boon the economy of the India and since then easement FDI in India has become the fiscal wizard for the countrys economy.