FDI and Growth of Service Sector in India

Dublin Core

Title

FDI and Growth of Service Sector in India

Subject

FDI
Services sector
Export
Liberalization

Description

In the contemporary globalised economy, service sector attracts the major share of Foreign Direct Investment (FDI) in the world. India being a part of this phenomenon also attracts most of its FDI in the service sector. The present paper highlights the trend in FDI movement in the world in general and India in particular. Further, it reviews the FDI policy in India in the post liberalized period. The growth of FDI in services sector may be attributed to the changing pattern of global FDI and also the liberalization and globalization policies pursued by India. Since 2000, the high inflow of FDI has resulted in the growth of new services viz., financial and non-financial services, telecommunication, computer software and hardware, hotel and tourism, construction activities and real estate. The growth of services sector had led to the growth of export of services from India which now accounts the majority of export from the country.

Creator

Sutradhar, Debabrata

Source

Artha Journal of Social Sciences; Vol. 13 No. 4 (2014): Artha Journal of Social Sciences; 1-20
0000-0000
0975-329X

Publisher

Centre for Publications, CHRIST (Deemed to be University), Bangalore

Date

2014-10-01

Rights

Copyright (c) 2016 Artha - Journal of Social Sciences
http://creativecommons.org/licenses/by-nc/4.0

Relation

Format

application/pdf

Language

eng

Type

info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Text

Identifier

Citation

Debabrata Sutradhar, FDI and Growth of Service Sector in India, Centre for Publications, CHRIST (Deemed to be University), Bangalore, 2014, accessed November 7, 2024, https://igi.indrastra.com/items/show/174

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