Review of Professional Management- A Journal of New Delhi Institute of Management

Bianka Ray Chaudhury ¹

Affiliations
1 NDIM, IN

Abstract

With an expanding Middle class in developing India, there has been a visible change in the consumption pattern for all types of goods, including financial products. The liberalization policies have made the Indian financial sector witness entry of various global players, who are trying to attract the Indian consumers with well designed products and benefits. However the concept of unit-linked insurance policies, being new to the Indian mass, the investors still suffer from unknown inhibitions. So it is entirely on the strategies taken up by the insurance companies so as to market the product as a beneficial investment scheme, even for the middle-class. If the companies can make the Indian customer aware of the fact that, if monitored properly, unit-linked plans can earn them huge repayments as compared to traditional policies, it would in turn help the insurance sector to make enormous profit and steady growth.

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Bianka Ray Chaudhury ¹

Affiliations
1 New Delhi Institute of Management, New Delhi, IN

Abstract

As India dreams of becoming a financial super power and join the developed countries, it is worthwhile to introspect on one of the key ingredients of the dream: Foreign Direct Investment (FDI). FDI is a key driver for growth and development and thus its inflow is crucial for an economy. India ranks pretty high on the Global Investors confidence, however UNCTAD's report on FDI Performance index ranks the country at a modest echelon. This study tries to understand the reasons behind such modest FDI performance with respect to the Automobile sector of the Indian economy in the post liberalization period. The also the study suggests certain measures concerning government policies that would strengthen this performance index. Automobile sector is one of the key sectors of the economy as it has deep forward and backward linkages to several key segments and is capable of driving economic growth and development. With the help of primary and secondary data and various statistical tools, the study infers that FDI is surely an engine of growth but the share of FDI in the Automobile sector is limited and hence the GDP contribution from the concerned sector is also very meager. The Government should come up with policy reforms that increase the FDI volume in the Automobile sector which would have a direct bearing on GDP and export earnings. This in turn would improve the FDI performance index as a whole.

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