FOREIGN DIRCT INVESTMENT (FDI) VERSUS SWADESHI IN INDIA: A VIABLE ANSWER FOR ECONOMIC PROGRESS

RITU KANG WALIA; SURAJ WALIA

Volume : VI, Issue : IV, April - 2016

FOREIGN DIRCT INVESTMENT (FDI) VERSUS SWADESHI IN INDIA: A VIABLE ANSWER FOR ECONOMIC PROGRESS

Ritu Kang Walia, Suraj Walia

Abstract :

In the recent scenario, ‘Swadeshi’ does not meant to be opposing each and every thing which comes from outside India, but it meant to be becoming self–reliant. No doubt, foreign Direct Investment (FDI) plays very significant role in the developing world as it has considered a growth enhancing factor in any developing economy including India. The relationship between Foreign Direct Investment and economic growth has long been an issue of great interest. Presently, we are facing highly competitive world so we need both inflow and outflow FDI for accelerating the growth on one hand and to remove poverty and unemployment or to generate employment, we cannot ignore the importance of ‘Swadeshi’ on the other hand. Keeping in above backdrop, the present paper tries to analyse that is FDI or Swadeshi or both are viable options for the economic development of a country like India.