Journal Press India®

Exploring the Growth of Indian’s Foreign Direct Investment Equity Inflow amid Covid-19 Outbreak

Vol 23 , Issue 1 , January - June 2022 | Pages: 1-8 | Research Paper  

https://doi.org/10.51768/dbr.v23i1.231202201


Author Details ( * ) denotes Corresponding author

1. * Ravinder Rena, Professor, Faculty of Economic and Management Sciences, NWU Business School, North-West University, Republic of South Africa (ravinder.rena@gmail.com)
2. Ifeanyi Mbukanma, Postdoctoral Research Fellow (Economic Sciences),, Faculty of Economic and Management Sciences, NWU Business School, North-West University, Republic of South Africa (lyonifeanyi@yahoo.com)

Purpose: The aim of this paper is to explore the growth of Indian’s Foreign Direct Investment (FDI) equity inflow amid Covid-19 outbreak.

Design/methodology/approach: In-depth review of current and previous literatures from journals and periodic publications of legitimate organizations both local and international on the evolution and the trend of Covid-19 pandemic as well as it impacts on Indian’s FDI was conducted.

Findings: The findings however revealed a major drop in net FDI flows globally, but on the contrary, a significant increase was recorded in India. Secondly, key sectors such as services sectors, computer software and hardware, telecommunications, trading, automobile, construction development, chemicals, and pharmaceuticals was revealed to have attracted the maximum FDI inflow to India amid the Covid-19 pandemic.

Practical implications:  The study recommended that a cohesive policy that further strengthens FDI by identifying and creating incentives for other main industrial sectors could further promote the continued attractiveness of FDI to India.

Originality/value:  The current study is an original contribution in the field of FDI inflow in India amid the COVID pandemic.

Keywords

Covid-19 Pandemic; Foreign Direct Investment; Economic Growth; India


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