Foreign Direct Investment in the Development of Indian Economy
Abstract— Foreign Direct Investment in the Development of Indian Economy. India’s increased economic intellectual resources and encouraging government policies attracted large global industries to invest and establish their R&D activities in India. Strategic initiatives by MNC (Multinational Corporation) to penetrate large Indian middle income consumer market through Economies of Scale require localized product updates and compliance to government regulations. MNC’s established some R&D centers utilizing India’s core competency in service sectors and democratic structure of Indian government. India also realizes that it has to focus on infrastructures development and increase the Research & Development (R&D) activities to develop critical technologies and new products & system to sustain the economic growth. India’s economic growth has an inherent focus on R&D activities, < Final Year Projects > need further reforms in its policy to update across different industrial sectors to attract further Foreign Direct Investment (FDI) compared to other developing Asian countries. Major R&D investments made by MNC’s in India is compiled and analyzed in this article in the year 2007 as sample.
sales on Site11,021