What is the significance of FDI for India?

Answer 1

when our then p.m.mr.Chandrashekhar announced about his plans to allow fdi in India,it opened a Pandora's box for us.it was then in 1991.Since then,our economy has been growing manifolds.FDI enables to bring foreign investment in India as a result of which,our country can be benefitted in many ways;namely-employment oppurtunities,better quality of life,better products,better education and higher per capita income.

Since 1991,our economy is growing so rapidly that all the so called 'super powers"are keen on building strong relationship with our country.India was a country rich in resources,but the problem was their optimum utilisation.FDI has solved this problem.as a result,all the retail biggies are attracted towards India.India is giving tough competition to all developed countries,including china.so,wait for the day when our economy would be one of the strongest in the world............and by then,probably you would get your answer as to"WHAT IS THE SIGNIFICANCE OF fdi for India"

Answer 2

FDI (Foreign Direct Investment) is significant for India as it brings in external capital, technology, and expertise, which can boost economic growth, create jobs, and improve infrastructure. It also helps in increasing export competitiveness, fostering innovation, and enhancing overall productivity in various sectors of the economy.