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.
Agriculture sector in India is considered to be the backbone of its economy. Agriculture is source of livelihood for more than 70 % of Indians in the rural area.
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.
“Asia played a great role in civilizing Europe”- Prakash Om (2000). British colonial rule in India started with the advent of British East India Company in the 18th century.
Financing is the most indispensable function of a business organisation for its existence, survival and growth. Whether carrying out day to day operations or investing in capital assets for further generation of income, finance infuses lifeblood in all these preconceived objectives (Gupta 2005).
The Chinese economy has long been promoted as a manufacturing hub offering cheap labor and other manufacturing facilities to its wealthy trade partners.