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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
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Paper Title
A STUDY ON IMPACT OF FOREIGN DIRECT INVESTMENT ON INDIAN ECONOMY WITH SPECIAL REFERENCE TO INDIAN RAILWAYS
Authors
Dr. Sajjad Ahmad Parry, Prof. Busera Nadaf
Keywords
Indian Economy, Indian Railways, Economic Reforms, Foreign Exchange, Granger Causality Effect, VAR model, ARIMA.
Abstract
The Indian economy was closed to the external world before 1991. But after following market-based economic reforms in 1991, India became one of the fastest-growing major economies; it is considered a newly industrialised country now. India opened up the economy in the early nineties following a major crisis of foreign exchange and was close to defaulting on loans. Later on the new policy regime radically pushed forward in favour of a more open and market-oriented economy. The research was conducted to find out the impact of FDI on Indian economy and Indian Railways. The data was collected from past 27 years. The data was secondary and was collected from different research articles, reports, websites, thesis etc. different tools were used like Granger causality effect, VAR model, ARIMA, etc. it was concluded that FDI has a positive effect on both Indian economy and Indian Railways.
IJCRT's Publication Details
Unique Identification Number - IJCRT2103318
Paper ID - 201059
Page Number(s) - 2557-2566
Pubished in - Volume 9 | Issue 3 | March 2021
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Dr. Sajjad Ahmad Parry, Prof. Busera Nadaf, "A STUDY ON IMPACT OF FOREIGN DIRECT INVESTMENT ON INDIAN ECONOMY WITH SPECIAL REFERENCE TO INDIAN RAILWAYS", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.9, Issue 3, pp.2557-2566, March 2021, Available at :http://www.ijcrt.org/papers/IJCRT2103318.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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