Foreign Direct Investment Boosts Indian Economic Growth in Groundbreaking Study
The study looked at how Foreign Direct Investment (FDI) affects economic growth in India. They used a special test to see if FDI causes changes in Gross Domestic Product (GDP) over time. The results showed that FDI does have a long-term impact on GDP, meaning it helps the Indian economy grow. The study also found that FDI can boost economic growth in India, and there is a two-way relationship between FDI and GDP. This research is important because it provides new insights into how FDI influences economic growth in India.