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Sinha, Manoj Kumar
- Sectoral Analysis of Foreign Direct Investment in India During First Generation Reform Period
Authors
1 Commerce Department, PGDAV College, University of Delhi, Delhi, IN
Source
Journal of Commerce and Accounting Research, Vol 4, No 2 (2015), Pagination: 16-26Abstract
Since 1991, India has cautiously and slowly opened almost all the sectors, except a few related to strategic importance, for foreign investors. Degree of openness of various industrial sectors for FDI has been increased to the extent of 100 percent by consistently liberalising industrial policies of the sectors. The purpose of the paper is to study pattern and trends of sectoral distribution of FDI within the background of the first generation reforms and liberalised industrial policies during 1991-2001.
The paper has used series of the dynamics and stylistic indices and statistical tools such as three level indices, index of rank dominance, and correlation matrices for explaining the pattern of FDI distribution across sectors during 1991-2001. The results show that electrical, transportation, chemical, telecommunication, and service sectors are most dominating sectors and represent almost 75 percent of total FDI received during 1991-2001. Index of rank dominance indicates distribution of FDI across the sectors is top heavy.
Keywords
Foreign Direct Investment, Industrial Policy, Industrial Sectors, Ranks Dominance, Correlation.
References
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- Do Macro-Economic Variables Affect foreign Trade of India? Panel Regression Approach
Authors
1 Commerce Department, PGDAV College, University of Delhi, Delhi, IN
Source
Journal of Commerce and Accounting Research, Vol 5, No 1 (2016), Pagination: 46-57Abstract
After the crisis in 1991, the Indian government introduced some changes in its Policy on trade, foreign investment, tariffs, and taxes under the name of 'New Economic Reforms'. The main focus of these reforms has been on liberalisation, openness, and export promotion activity. The paper focuses on the impact of development variables on export from India. Developmental variables include infrastructure, human resource, openness, production&market, research&development, resources, and taxation. Each development variable consists of a set of related variables.The paper has used principal component analysis (PCA), composite index and panel regression model. These help to know impact of individual developmental variable on India's export. The period of study is 1990 - 2013. The value of KMO is over 0.6 indicating the samples are adequate and the value of Bartlett's test is less than 0.05 ensure suitability of PCA. The overall growth rate Indian foreign trade is 3 percent during last more than two decades. Main macro-economic variables are infrastructure, resources, and taxation. The government should strengthen and incorporate these macro-economic variables while making foreign trade policy (i.e. EXIM policy) policy under the umbrella of WTO.
Keywords
Exports, Economic Development, Trade, International Trade, India.- Competitive Pattern of foreign Direct Investment in India
Authors
1 Commerce Department, PGDAV College, University of Delhi, Nehru Nagar, Delhi, IN