Foreign direct investment has been recognized as an imperative driver of economic growth and development. One of the most prominent developments during the last two decades is the spectacular growth of foreign direct investment in the global economic scenario.
A well-developed manufacturing sector is needed to provide the basic needs of the population. Similarly to lead to an increasingly diversified economy and to give rise to social psychology and institutional changes manufacturing sector is a principal indicator of economic development of a nation.
The foreign direct investment drives the economic growth of a country. Foreign direct nvestment plays a major role in the advancement of technology, generating employment opportunities and promoting overall development of the economy.