FOREIGN INVESTMENT POLICY DURING PRE-REFORM PERIOD

Article English OPEN
Akilandeswari, K. ; Rajeswari, Dr. G. Raja (2015)
  • Publisher: Journal Of Business Management & Social Sciences Research
  • Journal: Journal Of Business Management & Social Sciences Research (issn: 2319-5614)

Foreign capital has significant role for every national economy, regardless of its level of development. For the developed countries it is necessary to support sustainable development. For the developing countries, it is used to increase accumulation and rate of investments to create conditions for more intensive economic growth. Policy towards FDI has undergone a major change since independence (1947). At the time of independence, the government of India followed inward oriented development strategies with restrictive investment regime. Given the importance of FDI in economic development, the government of India started liberalization in mid-1980s and streamlined this process in the early 1990s
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