CHAPTER 25

Foreign Investment

CHAPTER OUTLINE

MEANING

At the time of independence, India’s technological base and domestic savings were both weak and stagnant. Therefore, India adopted an import substitution and encouraged foreign private capital and technology as elements of her strategy for industrial development, in order to fill up the technological and production gaps and accelerate the development process.

 

At the time of independence, India’s technological base and domestic savings were both weak and stagnant. ...

Get Business Environment, 2nd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.