Study reveals negative impact of FDI on India's economic growth
The article looks at how economic growth is more important than Foreign Direct Investment (FDI) for India's development. They studied data from 1978 to 2019 and found that economic growth and FDI are connected in the long term. In the short term, they influence each other, but FDI has a negative impact on economic growth initially. The researchers suggest a three-step plan for India's development: focus on economic growth first to attract FDI, then identify factors that FDI can improve, leading to overall economic growth.