Description
New Century Publications Foreign Investment in India - 1947-48 to 2007-08 by Niti Bhasin
Foreign investment plays an important, strategic role in the long-term economic development of a country. Foreign investment augments availability of capital, enhancing competitiveness of the domestic economy through transfer of technology, strengthening infrastructure, raising productivity, generating new employment opportunities, and boosting exports. In the wake of economic liberalization policy initiated in 1991, the government of India has taken several measures to encourage foreign investment, both direct and portfolio, in almost all sectors of the economy. The emphasis has been on foreign direct investment inflows in the development of infrastructure, technological upgradation of industry, and setting up special economic zones. Consistently being classified as one of the most attractive investment destinations by reputed international rating organizations, and with a vast reservoir of skilled and cost-effective manpower, India offers immense opportunities for business process outsourcing, knowledge process outsourcing, and engineering process outsourcing. The current world scenario calls for further liberalization of norms for foreign investment in India. This book examines aspects of foreign investment in India, focusing on current policies and procedures for foreign direct investment, as well as foreign portfolio investment. Foreign investment policies of other countries have also been highlighted to make suitable comparisons with India's policies in order to underscore the measures that are needed to attract higher levels of foreign capital and technology.