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Does Foreign Direct Investment Induces Societal Development in India?

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  • Dr. A. Muthusamy

    (Alagappa University, Karaikudi, 630003, Sivaganga, India Author-2-Name: Raghuveer Negi Author-2-Workplace-Name: Alagappa University, Karaikudi, 630003, Sivaganga, India Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

Objective - This paper argues the retrospective effect of foreign investment inflow. The FDI not only causes economic growth in the nation also it vindicate the societal development in the host nation. It is assumed that FDI does affect societal development either directly or indirectly also it can be constructive or dubious. Methodology � The societal development indicators have been taken for the study such as access to electricity, refugee population, and total natural resource on rent. The Ordinary Least Square (OLS) method used for regression analysis, Augmented Dickey-Fuller (ADF) used to analyse stationarity and Autoregressive Distributive Lag (ARDL) used for empirical results. Findings � The result shows the consistency in FDI inflows, but all the taken indicators have not experienced the positive effect of FDI on the societal development of a nation. Novelty � Also, the policies of the government and initiative related to foreign investment inflow have major impact on societal growth in the nation. Type of Paper - Empirical.

Suggested Citation

  • Dr. A. Muthusamy, 2020. "Does Foreign Direct Investment Induces Societal Development in India?," GATR Journals jfbr170, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jfbr170
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    More about this item

    Keywords

    Electricity; FDI; India; Natural Resources; Refugee Population; Societal Development;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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