A Study on Economic Development with Driven from Foreign Direct Investment Between 2012 and 2022

Abstract

The decade spanning from 2012 to 2022 marked a pivotal era in India's economic evolution, where Foreign Direct Investment (FDI) emerged as a pivotal driving force behind the nation's economic growth and progress. The present research endeavors to explore and analyse the intricate relationship between FDI and India's economic development within this specific timeframe. The findings reveal that FDI inflows into India experienced steady growth, indicating increasing investor confidence in the country's business environment. These inflows contributed to the expansion of key sectors such as manufacturing, services, and infrastructure, generating employment opportunities and enhancing productivity. However, FDI's contribution to employment was not uniform across all sectors and regions, warranting the need for inclusive growth strategies and targeted policies to ensure equitable development. Overall, this research underscores the significance of FDI as a catalyst for economic growth, job creation, and technological advancement in India during the period from 2012 to 2022.