Foreign Direct Investment FDI and Global Financial Crisis

Contents: Foreword. Preface. 1. India\'s foreign capital policy since 1947/Pramila Singh and D.C. Gupta. 2. FDI in print media/D. Boopath. 3. FDI inflows into India in the post reforms period/Rajesh C. Jampala, P. Adi Lakshmi and Srinivasa Rao Dokku. 4. FDI technology transfer and economic growth/Pramila Singh and D.C. Gupta. 5. Foreign direct investment in SAARC countries/P. Srinivasan, M. Kalaivani and P. Ibrahim. 6. Globalisation and the Indian economy/Amrik Singh Sudan, Rais Ahmad and Radha Gupta. 7. Global financial crisis and the Indian economy/Anli Suresh. 8. Global financial crisis and the developing countries/R. Narayanan. Index.

Foreign investment is a subject of topical interest. Countries of the world particularly development economies are vying with each other to attract foreign capital to boost their domestic rates of investment and also to acquire technology and managed skills. Intense competition is taking place among the fund starved less developed countries to lure foreign investors by offering repatriation facilities, tax concessions and other incentives. However foreign investment is not an unmixed blessing. Governments in developing countries have to be very careful while deciding the magnitude, pattern and conditions of private foreign investment.

In India, foreign investment policies in the post-reforms period have emphasised greater encouragement and mobilisation of non-debt creating  private inflows for reducing reliance on debt flows. Progressively liberal policies have led to increasing inflows of foreign investment in the country.