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 stable development in India. Using data from 1978 to 2019, the researchers found that economic growth and FDI are connected in the long run. In the short term, they influence each other, but FDI has a negative impact on economic growth initially. The study suggests a three-step plan for India's development: focus on economic growth first to attract FDI, then identify macroeconomic factors that benefit from FDI, leading to overall economic growth in India.