Impact of Foreign Direct Investment on Economic Growth: A Comparative Study of

India and China

Dissertation

Submitted in partial fulfillment of the requirement of the degree of

BA (Hons.) Economics

to

Manav Rachna International Institute of Research and Studies

(Deemed to be University)

by

Kunal Bhandula

23/SBSS/BECO/006

Under the supervision of

Dr. Aarti Suryavanshi

Assistant Professor, School of Behavioural and Social Sciences

SCHOOL OF BEHAVIOURAL AND SOCIAL SCIENCES

MANAV RACHNA INTERNATIONAL INSTITUTE OF RESEARCH & STUDIES

SECTOR-43, SURAJKUND –DELHI ROAD, FARIDABAD – 121001

CERTIFICATE

This is to certify that the dissertation entitled “Impact of Foreign Direct Investment on
Economic Growth: A Comparative Study of India and China” has been completed by Kunal
Bhandula under my supervision and guidance in partial fulfillment of the requirements for the
award of Bachelor of Arts (Honours) in Economics from Manav Rachna International
Institute of Research and Studies.

It is a bona fide record of original work carried out under the supervision of Dr. Aarti
Suryavanshi and has not been submitted in full or part to any other university or institute for a
degree or diploma. Further, it is certified that the short synopsis is plagiarism-free, and proof
has been submitted.

________________

Signature

Kunal Bhandula

23/SBSS/BECO/006

________________

Signature

Dr. Aarti Suryavanshi

Assistant Professor, SBSS

________________

Signature

Dr. Durairaj Kumarasamy

Head of Department, SBSS

 ACKNOWLEDGEMENT

I would like to express my sincere gratitude to Dr. Aarti Suryavanshi for her valuable
guidance, continuous support, and encouragement throughout the completion of this
dissertation. Her suggestions and academic supervision helped me in completing this research
work successfully.

I would also like to extend my heartfelt thanks to the Head of the Department (HOD),
Department of Economics, for the constant motivation, support, and valuable academic
guidance provided during the course of this research work.

I am also thankful to the Department of Economics, Manav Rachna International Institute of

Research and Studies, for providing the necessary academic support and learning
environment required for this study.

Kunal Bhandula

Bachelor of Arts (Honours) Economics

Manav Rachna International Institute of Research and Studies

 TABLE OF CONTENT

[Link] CONTENT PAGE NO

1 Abstract 5

2 Introduction 6-9

3 Literature Review 10-12

4 Research Methodology 13-15

5 Data Analysis and 16-24

Interpretation

6 Findings, Conclusion and 25-26

Suggestions

7 References 27-28
 ABSTRACT

Foreign Direct Investment (FDI) plays an important role in the economic growth of
developing countries. The present study examines the impact of FDI on economic growth in
India and China during the period 2000–2024. The study mainly focuses on the relationship
between GDP growth and FDI inflows in both countries.

The research is based on secondary data collected from the World Bank database. Variables
such as GDP growth, FDI inflows, trade openness, and inflation have been used for analysis.
Statistical techniques including descriptive statistics, correlation analysis, and regression
analysis were applied through STATA software.

The findings show that China experienced higher GDP growth and larger FDI inflows
compared to India during the selected period. Regression analysis indicates that FDI had a
positive and significant impact on economic growth in China, while the relationship was
comparatively weaker in India.

The study concludes that the effectiveness of foreign investment depends on infrastructure,
industrial development, trade policies, and proper utilization of investment within the
economy.

Key words : Foreign Direct Investment (FDI), Economic Growth, GDP Growth, India,
China, Trade Openness, Inflation, Comparative Analysis, Regression Analysis, Developing
Economies
 Chapter 1 – Introduction

1.1 Introduction to the Study

Foreign Direct Investment (FDI) has come to be an essential supply of economic

improvement for lots growing countries. In current years, international locations have
targeted on attracting foreign investment to increase industrial production, employment
opportunities, exports, and technological growth. FDI not only brings capital into an
economy but also improves business activities and market expansion.

India and China are two major developing economies that adopted economic reforms to
attract foreign investment. China started liberalization policies earlier and became one of the
leading destinations for global investment. India also introduced economic reforms in 1991
and gradually increased foreign participation in sectors such as manufacturing, services, and
technology.

This study examines the impact of FDI on monetary boom in India and China throughout the
period 2000–2024. The study compares how foreign investment influenced GDP growth in
both countries by using statistical and regression analysis.

1.2 Meaning of FDI and Economic Growth

Foreign Direct Investment refers to investment made by foreign companies or individuals in

another country for business purposes. It usually includes investment in industries,
infrastructure, technology, and services. Developing economies often encourage FDI because
it helps in increasing production, employment, and industrial development.

Economic growth refers back to the increase in the price of goods and offerings produced
inside a rustic over the years. it's far commonly measured thru Gross domestic Product
(GDP). higher economic boom shows higher economic performance and development in
profits and manufacturing ranges.

FDI is considered one of the important factors influencing economic growth because it can
increase investment, improve productivity, and support technological advancement.
1.3 Background of India and China

India and China are a few of the quickest growing economies inside the international. both
nations added economic reforms to enhance boom and appeal to overseas investors, but their
development styles had been exceptional.

China adopted an export-oriented industrial strategy and developed strong manufacturing

industries with the help of foreign investment. Better infrastructure and supportive
government policies helped China attract large FDI inflows over the years.

India experienced economic growth mainly through the service sector after liberalization.
Although FDI inflows increased gradually, the overall impact of foreign investment differed
from China because of differences in industrial structure, infrastructure, and policy
implementation.

1.4 Motivation of the Study

The primary cause at the back of deciding on this topic is the growing importance of foreign
Direct investment in growing economies. both India and China have obtained foreign
investment for decades, however their monetary outcomes have not been the same.

China achieved rapid industrial growth and higher FDI inflows, whereas India showed
moderate growth with comparatively lower foreign investment. This created interest in
understanding whether FDI affected economic growth differently in both countries.

The study also helps in understanding how investment policies and economic structure
influence the benefits of foreign investment.

1.5 Significance of the Study

This study is useful because it examines the impact of FDI on monetary boom in two main
Asian economies. The comparison between India and China provides a better understanding of
how foreign investment contributes to GDP growth under different economic conditions.

The findings may help policymakers improve investment-related strategies and encourage
productive use of foreign capital. The study may also be beneficial for students and
researchers interested in international economics and economic development.
1.6 Research Problem

Many growing international locations recall foreign Direct funding as an essential source of
financial increase. however, the effect of FDI isn't constantly the same in each economy. even
as a few international locations gain strongly from foreign funding, others may additionally
revel in weaker consequences.

India and China both attracted foreign investment after economic reforms, but China
experienced stronger industrial and export growth compared to India. Therefore, the study
attempts to examine whether FDI significantly influenced economic growth in both countries
and how the impact differed between them.

1.7 Research Objectives

• To analyze the trend of FDI inflows in India and China.

• To examine the relationship between FDI and economic growth (GDP).

• To suggest measures for improving FDI performance in India.

1.8 Research Hypothesis

The study is based on the following hypotheses:

Null Hypothesis (H₀)

Overseas Direct investment does no longer have a giant effect on monetary increase in India
and China.

Alternative Hypothesis (H₁)

Overseas Direct funding has a big impact on economic boom in India and China.
1.9 Scope of the Study

The study makes a speciality of inspecting the effect of foreign Direct investment on
economic boom in India and China at some stage in the length 2000–2024. The analysis is
based on secondary facts amassed from the arena financial institution database.

Variables used in the look at consist of GDP boom, FDI inflows, exchange openness, and
inflation. Statistical techniques inclusive of descriptive statistics, correlation evaluation, and
regression analysis were used through STATA software program.

1.10 Limitations of the Study

The study is based only on secondary data collected from published sources. Therefore, the
accuracy of the results depends on the reliability of the available data.

Only selected variables such as FDI, trade openness, and inflation have been considered in
the study. Other important factors affecting economic growth were not included because of
limited time and data availability.
 Chapter 2 – Literature Review

2.1 Introduction

Foreign Direct Investment has become an important topic in economic research because of its
connection with economic growth and development. Many researchers have studied whether
foreign investment helps developing countries improve production, employment, exports, and
technology.

Other researches have shown mixed effects regarding the effect of FDI on GDP growth. In
some countries, FDI contributed positively to industrial development and economic
expansion, while in other countries the effect was comparatively weaker due to policy and
structural differences.

This chapter reviews important studies related to FDI and monetary growth with unique
connection with India and China.

2.2 Review of Previous Studies

Borensztein, De Gregorio and Lee (1998) studied the connection among FDI and financial
increase in growing countries. The have a look at determined that FDI contributes
undoubtedly to monetary increase via shifting generation and improving productivity. but, the
blessings of FDI depend on the extent of human capital to be had in the host us of a.

Balasubramanyam, Salisu and Sapsford (1996) tested the impact of FDI on economic growth
in growing economies. The examine concluded that nations with export-orientated alternate
policies benefited more from overseas investment as compared to international locations
following import substitution regulations.

Alfaro (2003) analyzed the effect of FDI on unique sectors of the economy. The take a look
at determined that FDI within the production area undoubtedly affected economic growth, at
the same time as the effect various in different sectors.

Zhang (2001) studied the role of FDI in the monetary boom of China. The findings confirmed
that FDI played an essential role in increasing exports, industrial manufacturing, and
technological development in China after monetary liberalization.
Athreye and Kapur (2001) examined FDI inflows in India and discovered that financial
reforms after 1991 increased foreign funding in several sectors, in particular records era and
offerings.

Chakraborty and Basu (2002) analyzed the causal courting between FDI and economic
increase in India. The study observed evidence of a courting between GDP increase and
foreign funding, although the effect varied across sectors.

Agrawal (2015) studied BRICS international locations and observed that FDI had a nice
impact on monetary boom in most developing economies. The take a look at cautioned that
stable economic regulations and higher infrastructure help in attracting foreign funding.

Pegkas (2015) examined the lengthy-run courting among FDI and economic increase in eu
international locations. The study concluded that FDI contributes definitely to GDP increase
while supported through sturdy economic establishments.

Sahoo and Dash (2009) studied infrastructure development and FDI in India. The findings
recommended that infrastructure and exchange openness extensively impact financial growth
along side foreign funding.

Li and Liu (2005) analyzed facts from numerous countries and determined that FDI
undoubtedly impacts monetary growth through generation transfer and human capital
improvement.

Keshava (2008) studied the impact of overseas Direct funding at the economies of India and
China through a comparative evaluation. The study observed that FDI had a stronger
wonderful effect on China’s financial boom compared to India. The studies recommended
that China benefited more from overseas funding due to higher infrastructure centers,
supportive government guidelines, and export-oriented industrial improvement.

Marelli (2011) examined the connection between change openness, FDI, and economic boom
in India and China. The have a look at concluded that exchange openness together with
overseas funding extensively contributed to monetary growth in both international locations.
but, China benefited extra from globalization and FDI due to its more potent production
sector and export overall performance.

Wei (2005) analyzed the differences in FDI overall performance between India and China.
The findings indicated that China done higher in attracting foreign investment due to
funding-pleasant regulations, institutional performance, and higher infrastructure
improvement. The have a look at additionally highlighted that coverage environment
performs an critical position in growing FDI inflows.

Parashar (2015) studied the factors affecting FDI inflows in India and China. The look at
discovered that infrastructure improvement, government guidelines, market length, and
monetary stability substantially have an impact on overseas investment inflows. The research
concluded that China attracted better FDI inflows because of its favorable business
surroundings and commercial growth.

The above studies indicate that the relationship between FDI and economic growth differs
across countries and depends upon economic structure, policy environment, and trade
conditions. Therefore, comparative analysis between India and China becomes important for
understanding the actual impact of FDI in developing economies.

2.3 Research Gap

Many earlier studies focused either on India or China separately, while fewer studies
provided a comparative analysis of both countries using recent data. Some studies mainly
examined the direct relationship between FDI and GDP growth without considering factors
such as trade openness and inflation together.

The present study attempts to fill this gap by comparing India and China during the period
2000–2024 using statistical and regression analysis. The study also includes trade openness
and inflation to provide a broader understanding of economic growth.​
 Chapter 3 – Research Methodology

3.1 Introduction

Research methodology explains the techniques and techniques used for engaging in a
research study. It enables in knowledge how the information has been collected, analyzed,
and interpreted to gain the targets of the studies.

the existing examine examines the effect of foreign Direct funding on economic boom in
India and China using statistical and econometric strategies.

3.2 Research Design

The study is analytical and comparative in nature. It compares the connection among foreign
Direct investment and economic growth in India and China during the length 2000–2024.

A quantitative technique has been used to investigate the effect of FDI on GDP growth with
the help of statistical tools.

3.3 Nature and Sources of Data

The study is based completely on secondary data. The required data has been collected from
the World Bank database and other reliable economic sources.

Annual data for India and China from 2000 to 2024 has been used for analysis. The data
includes GDP growth, FDI inflows, trade openness, and inflation.

3.4 Variables Used in the Study

Dependent Variable

* GDP Growth (Annual %)

Independent Variables

* Foreign Direct Investment (FDI Net Inflows % of GDP)

* Trade (% of GDP)

* Inflation, GDP Deflator (Annual %)

GDP growth has been used as an indicator of economic performance, while FDI represents
foreign investment inflows into the economy.

3.5 Period of the Study

The study covers the period from 2000 to 2024. This period includes important phases of
globalization, economic reforms, financial crises, and post-pandemic recovery in both India
and China.

The selected period is useful for understanding long-term trends in FDI and economic
growth.

3.6 Tools and Techniques Used

The following statistical tools have been used in the study through STATA software:

1. Descriptive Statistics

Descriptive statistics have been used to calculate mean, standard deviation, minimum value,
and maximum value of the variables.

2. Trend Analysis

Trend analysis has been used to examine changes in GDP growth and FDI inflows over time.
3. Correlation Analysis

Correlation analysis has been used to identify the relationship between GDP growth and the
selected independent variables.

4. Multiple Regression Analysis

Multiple regression analysis has been used to examine the impact of FDI, trade openness, and
inflation on GDP growth in India and China.

3.7 Regression Model

The regression equation used in the study is:

GDP = β₀ + β₁(FDI) + β₂(TRADE) + β₃(INF) + ε

Where:

* GDP = Gross Domestic Product Growth Rate

* FDI = Foreign Direct Investment

* TRADE = Trade Openness

* INF = Inflation

* β₀ = Constant Term

* β₁, β₂, β₃ = Regression Coefficients

* ε = Error Term

This model helps in examining the effect of selected variables on economic growth separately
for India and China.
 Chapter 4 - Data Analysis and Interpretation

4.1 Introduction

This chapter presents the analysis and interpretation of data related to the impact of Foreign
Direct Investment (FDI) on economic growth in India and China during the period
2000–2024. The analysis has been carried out using statistical and econometric techniques
through STATA software.

The chapter includes descriptive statistics, trend analysis, correlation analysis, and multiple
regression analysis to examine the relationship between GDP growth, FDI inflows, trade
openness, and inflation in both countries. The findings are interpreted separately for India and
China to provide a comparative understanding of the impact of FDI on economic growth.

4.2 Descriptive Statistics Analysis

Descriptive statistics provide a summary of the data used in the study. The statistics include
mean, standard deviation, minimum value, and maximum value of the selected variables for
India and China during the study period.

The descriptive statistics indicate that China recorded a higher average GDP growth rate
compared to India during the study period. China’s average GDP growth was approximately
8.19%, whereas India recorded an average growth rate of around 6.25%.

The results also show that China attracted comparatively higher FDI inflows than India. The
average FDI inflow in China was 2.62% of GDP, while India recorded an average of 1.57%
of GDP. This reflects China’s stronger position as a major destination for foreign investment.
Trade openness was also slightly higher in China compared to India, indicating stronger
integration with global trade markets. Inflation remained moderate in both countries during
the study period, although fluctuations were observed in different years.

Overall, the descriptive statistics suggest that China experienced stronger economic
performance and higher foreign investment inflows compared to India during 2000–2024.

4.3 Trend Analysis and Graphical Presentation

Trend analysis has been used to examine the movement of GDP growth and FDI inflows in
India and China during the study period.

GDP Growth: India vs China (2000–2024)

The graphical analysis shows that China maintained relatively higher and more stable GDP
growth rates during most years of the study period compared to India. China recorded rapid
economic growth during the early 2000s due to industrial expansion, export growth, and
strong foreign investment inflows.

India also experienced considerable economic growth after economic liberalization reforms.
However, fluctuations in GDP growth were comparatively higher in India.

A sharp decline in India’s GDP growth was observed in 2020 due to the COVID-19
pandemic and economic disruptions. China also experienced slowdown during this period,
but the decline was comparatively lower.

The graph indicates that China maintained more consistent economic growth performance
during the selected period.
FDI Inflows: India vs China (2000–2024)

The trend analysis of FDI inflows indicates that China attracted significantly higher foreign
investment compared to India during most years of the study period. China maintained strong
FDI inflows due to export-oriented industrial policies, better infrastructure facilities, and
manufacturing growth.

India also experienced gradual growth in FDI inflows after liberalization reforms and policy
improvements. However, FDI inflows in India showed fluctuations during several years due
to changes in global economic conditions and domestic market factors.

The graph suggests that China utilized foreign investment more effectively as part of its
industrial and export growth strategy.

India GDP Growth Trend

The graph of India’s GDP growth shows fluctuations in economic performance during the
study period. India experienced strong growth during several years, particularly after
economic reforms and expansion in the service sector.

A major decline in GDP growth was observed in 2020 during the COVID-19 pandemic. After
the pandemic period, India showed economic recovery, although fluctuations remained
visible in subsequent years.

China GDP Growth Trend

China’s GDP growth trend shows relatively high economic growth during the early years of
the study period. The country maintained strong industrial production and export growth,
which contributed to rapid economic development.

Although China’s GDP growth gradually declined in later years, the economy remained
comparatively stable. The graph also indicates lower fluctuations in China’s economic growth
compared to India.
4.4 Correlation Analysis

Correlation analysis has been used to examine the relationship between GDP growth and the
selected independent variables.

Correlation Matrix – India

The correlation results for India show a weak negative relationship between FDI and GDP
growth. This indicates that FDI inflows did not have a strong positive association with
economic growth during the study period.

Trade openness showed a weak positive relationship with GDP growth, while inflation
showed a very weak positive relationship.

Correlation Matrix – China

The correlation analysis for China shows a strong positive relationship between FDI and
GDP growth. This indicates that higher FDI inflows were associated with higher economic
growth during the study period.

Trade openness also showed a strong positive relationship with GDP growth, reflecting the
importance of exports and international trade in China’s economic development.

Overall, the correlation results suggest that FDI contributed more strongly to economic
growth in China compared to India.

4.5 Regression Analysis for India

Multiple regression analysis was conducted to examine the impact of FDI, trade openness,
and inflation on GDP growth in India.

Regression Results – India

The regression results indicate that FDI had a negative and statistically significant
relationship with GDP growth in India during the study period. The coefficient value of FDI
was -2.208 with a p-value of 0.031, which indicates statistical significance at the 5% level.

Trade openness showed a positive relationship with GDP growth, although the result was not
statistically significant. Inflation also showed a weak positive relationship with GDP growth.
The R-squared value of 0.24 indicates that approximately 24% of the variation in GDP
growth was explained by the selected independent variables. This suggests that other
economic and structural factors also influenced economic growth in India.

The negative relationship between FDI and GDP growth may indicate that the benefits of
foreign investment were not evenly distributed across sectors of the Indian economy during
the selected period.

4.6 Regression Analysis for China

Multiple regression analysis was also conducted for China to examine the impact of FDI,
trade openness, and inflation on GDP growth.

Regression Results – China

The regression results for China show that FDI had a positive and statistically significant
impact on GDP growth during the study period. The coefficient value of FDI was 1.041 with
a p-value of 0.010, indicating significance at the 5% level.

Trade openness also showed a positive and statistically significant relationship with GDP
growth, reflecting the importance of international trade and exports in China’s economy.

Inflation showed a weak positive relationship with GDP growth and was statistically
insignificant.
The R-squared value of 0.791 indicates that nearly 79% of the variation in China’s GDP
growth was explained by the selected independent variables. This suggests that FDI and trade
openness played an important role in China’s economic development.

4.7 Comparative Analysis of India and China

The comparative analysis indicates significant differences between India and China regarding
the impact of FDI on economic growth.

China experienced higher GDP growth rates and larger FDI inflows compared to India during
the study period. The statistical analysis shows that FDI had a stronger positive relationship
with economic growth in China.

In contrast, India showed a weaker and negative relationship between FDI and GDP growth.
This difference may be due to variations in economic structure, industrial policies,
infrastructure development, export orientation, and efficiency in utilizing foreign investment.

China’s export-oriented manufacturing model and industrial infrastructure helped in

converting foreign investment into economic growth more effectively. India, on the other
hand, experienced comparatively higher growth in the service sector with lower
manufacturing expansion.

The findings suggest that the effectiveness of FDI depends not only on the volume of
investment but also on economic policies and productive utilization of foreign capital.

4.8 Interpretation of Results

The overall results of the study indicate that the relationship between Foreign Direct
Investment and economic growth differs between India and China.

China benefited more from foreign investment due to strong industrial development,
export-oriented policies, and infrastructure expansion. FDI contributed positively to China’s
economic growth and supported industrial and trade development.

In India, the contribution of FDI to economic growth was comparatively weaker during the
selected period. Although India attracted increasing foreign investment after liberalization
reforms, the impact on GDP growth was not as strong as China.
The findings suggest that economic growth depends not only on foreign investment but also
on infrastructure quality, industrial efficiency, policy implementation, and trade performance.

4.9 Summary of Results

The major findings of the analysis are summarized below:

• China recorded higher GDP growth and larger FDI inflows compared to India during the
study period.

• Correlation analysis showed a strong positive relationship between FDI and GDP growth in
China.

• India showed a comparatively weaker relationship between FDI and economic growth.

• Regression analysis indicated that FDI had a positive and significant effect on China’s GDP
growth.

• In India, FDI showed a negative significant relationship with GDP growth.

• Trade openness positively influenced China’s economic performance.

• Inflation showed comparatively weak influence in both countries.

Chapter 5 – Findings, Conclusion and Suggestions

5.1 Major Findings of the Study

The study examined the impact of Foreign Direct Investment on economic growth in India
and China during the period 2000–2024 using statistical analysis and regression techniques.

The major findings of the study are as follows:

• China recorded a higher average GDP growth rate compared to India during the study
period.

• China attracted larger FDI inflows than India in most years.

• Correlation analysis showed a strong positive relationship between FDI and GDP growth in
China.

• In India, the relationship between FDI and GDP growth was comparatively weak and
negative.

• Regression analysis showed that FDI had a positive and statistically significant impact on
China’s economic growth.

• In the Indian model, FDI showed a negative significant relationship with GDP growth.

• Trade openness contributed positively to economic growth, especially in China.

• Inflation showed a comparatively weak influence on GDP growth in both countries.

5.2 Conclusion

Foreign Direct Investment has become an important part of economic development in many
developing countries. The present study attempted to compare the impact of FDI on
economic growth in India and China during the period 2000–2024.

The results indicate that China benefited more effectively from foreign investment compared
to India. Higher industrial growth, export-oriented policies, and better infrastructure helped
China utilize foreign capital more productively.
In India, FDI inflows increased after economic reforms, but the impact on GDP growth
remained comparatively weaker during the study period. The findings suggest that foreign
investment alone cannot guarantee economic growth unless supported by strong industrial
development, infrastructure, and effective policy implementation.

Overall, the study highlights that the success of FDI depends on how efficiently a country
uses foreign investment for productive economic activities.

5.3 Policy Suggestions

Based on the findings of the study, the following suggestions are provided:

• India should focus more on infrastructure and manufacturing development to improve the
benefits of foreign investment.

• The government should encourage FDI in productive sectors such as technology,

manufacturing, and infrastructure.

• Stable investment policies and simplified procedures may help in attracting long-term
foreign investors.

• Export-oriented industries should be strengthened to improve economic growth and trade

performance.

• Skill development and technological improvement should be promoted to increase

productivity and industrial efficiency.

5.4 Scope for Further Research

The present study is limited to India and China and includes only selected variables such as
FDI, trade openness, and inflation.

Future researchers may conduct similar studies using additional variables such as exchange
rate, employment, government expenditure, or infrastructure development. Further research
may also examine the sector-wise impact of FDI on economic growth in developing
countries.
 REFERENCES

World Bank. (2025). World Development Indicators Database. Retrieved from World Bank
Official Website

International Monetary Fund (IMF). (2025). World Economic Outlook Database. Retrieved
from IMF Official Website

Organisation for Economic Co-operation and Development (OECD). (2025). International

Economic Data and Statistics. Retrieved from OECD Official Website

United Nations Conference on Trade and Development (UNCTAD). (2025). World

Investment Report. Retrieved from UNCTAD Official Website

Agrawal, G. (2015). overseas direct funding and economic increase in BRICS economies.
magazine of Economics, enterprise and management, three(four), 421–424.

Alfaro, L. (2003). foreign direct investment and increase: Does the arena rely? Harvard
enterprise faculty working Paper, 1–31.

Chakraborty, C., & Basu, P. (2002). foreign direct funding and growth in India: A
cointegration approach. implemented Economics, 34(nine), 1061–1073.

Keshava, D. S. (2008). The impact of FDI on India and chinese language financial system: A
comparative evaluation. second Singapore global convention on Finance.
Li, X., & Liu, X. (2005). overseas direct investment and economic growth: An increasingly
endogenous courting. global improvement, 33(three), 393–407.

Marelli, E. (2011). China and India: Openness, trade and outcomes on economic increase. the
eu magazine of Comparative Economics, 8(2), 123–one hundred fifty.

Parashar, S. (2015). factors affecting FDI inflow in China and India. college of Alberta
studies experience.

Pegkas, P. (2015). The impact of FDI on monetary increase in Eurozone international

locations. The magazine of monetary Asymmetries, 12(2), 124–132.

Sahoo, P., & sprint, R. k. (2009). Infrastructure improvement and economic boom in India.
journal of the Asia Pacific economic system, 14(four), 351–365.

Wei, W. (2005). China and India: Any distinction in their FDI performances? magazine of
Asian Economics, sixteen(4), 719–736.

Zhang, K. H. (2001). Does foreign direct investment promote economic growth? Evidence
from East Asia and Latin America. Contemporary Economic Policy, 19(2), 175–185.