MAKE IN INDIA VISION HEADING TOWARDS REALITY-AN EMPIRICAL STUDY
Mahendra Pandey
, Monazir Hussain , Malabika Deo
FDI, GDP, global competitive index, Ease of doing business, ARDL, Granger causality.
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.
"MAKE IN INDIA VISION HEADING TOWARDS REALITY-AN EMPIRICAL STUDY", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.5, Issue 12, page no.37 - 43, December-2020, Available :https://ijsdr.org/papers/IJSDR2012008.pdf
Volume 5
Issue 12,
December-2020
Pages : 37 - 43
Paper Reg. ID: IJSDR_192762
Published Paper Id: IJSDR2012008
Downloads: 000347265
Research Area: Engineering
Country: -, -, -
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
