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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | MAKE IN INDIA VISION HEADING TOWARDS REALITY-AN EMPIRICAL STUDY |
| Authors Name: | Mahendra Pandey , Monazir Hussain , Malabika Deo |
| Unique Id: | IJSDR2012008 |
| Published In: | Volume 5 Issue 12, December-2020 |
| Abstract: | Indian economy is passing through the transformation phase and still manufacturing sector’s contribution in the national total GDP is quite low as compared to developing peer economies. The Prime Minister of India has called for make in India to revive the country’s economy. Foreign direct investment (FDI) plays a key role in processes of reviving economy. There are many factors which may impact the capital inflows into the country i.e. GDP, lower labor cost, ease of doing business, global competitive index, inflation etc. The present study aims to covered the various key factors affecting the foreign direct investment (FDI) coming to the country. This paper includes analysis of various variables empirically through various tools like OLS Regression analysis, Unit root test, Granger Causality test and ARDL approach for long run relationship among the important variables. Global competitive Index (GCI) and Ease of Doing Business (EDB) are such factors which are found significant and which need to be addressed seriously to make India a global manufacturing hub. |
| Keywords: | FDI, GDP, global competitive index, Ease of doing business, ARDL, Granger causality. |
| Cite Article: | "MAKE IN INDIA VISION HEADING TOWARDS REALITY-AN EMPIRICAL STUDY", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 12, page no.37 - 43, December-2020, Available :http://www.ijsdr.org/papers/IJSDR2012008.pdf |
| Downloads: | 000337212 |
| Publication Details: | Published Paper ID: IJSDR2012008 Registration ID:192762 Published In: Volume 5 Issue 12, December-2020 DOI (Digital Object Identifier): Page No: 37 - 43 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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