CHAPTER 25
Foreign Investment
CHAPTER OUTLINE
- Meaning
- Need for Foreign Investment
- Adverse Implications of Foreign Investment
- Determinants of Foreign Investment
- Government Policies
- New Policies
- A Comparative Statistical Outline of FDI
- Case
- Summary
- Key Words
- Questions
- References
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. ...
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