International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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DEVELOPMENT AND GLOBALIZATION: FDI IN INDIA SINCE 1990
1 Author(s): DR. SANDEEP KUMAR GARG
Vol - 5, Issue- 12 , Page(s) : 256 - 263 (2014 ) DOI : https://doi.org/10.32804/CASIRJ
Though the liberal policy stance and strong economic fundamentals appear to have driven the steep rise in FDI flows in India over past two decades and sustained their momentum even during the period of global economic crisis (2008-09 & 2009-10), the subsequent moderation in investment flows despite faster recovery from the crisis period appears somewhat inexplicable. The survey of empirical literature and analysis presented in the paper seems to suggest that these divergent trends in FDI flows could be the result of certain institutional factors that dampened the investor’s sentiments despite continued strength of economic fundamentals.