An Empirical Investigation of the Impact of Foreign Direct Investment on Indian Economy

Author(s)	Dr. Suraksha
Country	India
Abstract	The present paper is an attempt to highlight the impacts of FDI inflows to India on Indian GDP. The study is purely based on secondary data which covers 10 financial years (2011-12 to 2021-22), and the analysis of which was made through the application of Karl Pearson’s coefficient of Correlation and Multi Regression OLS model (Ordinary Least Square). The study exhibited a strong positive correlation between foreign direct investment and GDP (r= 0.870) and indicated that FDI is the most important predictor of GDP with R square value of 0.757 which showed that FDI accounts for 75.7 per cent of variations in GDP; and b-value {Unstandardized co-efficient (B=39.679)} indicated that as FDI increases by one unit (1 billion), GDP increases by 39.679 units. It was further indicated through the results that if impact of FDI remain constant, then there are other factors which are explaining GDP up to 28571.885 units.
Keywords	Foreign Direct Investment (FDI), GDP at Factor cost, unstandardized co-efficient etc.
Field	Mathematics > Economy / Commerce
Published In	Volume 5, Issue 3, May-June 2023
Published On	2023-06-29
Cite This	An Empirical Investigation of the Impact of Foreign Direct Investment on Indian Economy - Dr. Suraksha - IJFMR Volume 5, Issue 3, May-June 2023. DOI 10.36948/ijfmr.2023.v05i03.4125
DOI	https://doi.org/10.36948/ijfmr.2023.v05i03.4125
Short DOI	https://doi.org/gsd485

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research