Growth and Forecasts of Foreign Direct Investment Inflows to BRIC Countries: A Comparative Study

Type Journal Article - Arth Anvesan
Title Growth and Forecasts of Foreign Direct Investment Inflows to BRIC Countries: A Comparative Study
Author(s)
Volume 5
Publication (Day/Month/Year) 2011
Page numbers 83-91
URL http://www.smvdu.ac.in/images/stories/pdf/Publications/arthanvesan/05032012_vol5_jan_jul_2010.pdf#pa​ge=83
Abstract
The present study is an attempt to compare the growth and forecasts of FDI inflows to BRIC countries. The study finds that in terms of average FDI inflows for the period of 1991-2010, India secured minimum out of the BRIC countries in spite of yielding maximum compound annual growth rate followed by Russia, Brazil and China. The study also finds that for the period of 2011- 20 least square linear trend model of time series forecasts that India will grow significantly and be placed on the second position in BRIC countries but paradoxically in terms of quantity it will be positioned on the last rank. On the basis of the findings of the study it is recommended that the policy makers have to learn that to attract the investors to invest in India there is a dire need to relax the business regulations, focus on the human capital, build infrastructure and propel service sector compatible to Brazil, Russia and China. The findings of the present study are helpful for the government, foreign investors and the researchers of the area for the expansion of foreign direct investment inflows in India.

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