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How is FDI relevant for India’s foreign trade growth?

How is FDI relevant for India’s foreign trade growth?

India’s economic growth is dependent on productive investment as it is increasing largely. India is a labor-surplus economy with a scarcity of production capital. Maintaining a balanced source of investment is crucial for the industrial development of the country and productive growth. India’s Foreign Direct Investment has observed significant growth in November 2020. According to the Commerce Ministry, FDI in November 2020 raised to 81% to %10.15 billion from $5.6 billion in November 2019. India has captivated a total FDI…

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