Foreign Direct Investment in Automobile Sector in India

Authors

  • Sandeepthi Robert M Research scholar, Dept. of Studies and Research in Business Administration, V.S.K. University, Ballari, Karnataka
  • Dr. Nirmala J. Assistant Professor, Dept. of Studies and Research in Business Administration, V.S.K. University, Ballari, Karnataka

DOI:

https://doi.org/10.31305/rrijm.2023.v08.n07.010

Keywords:

Foreign Direct Investment, Automobile Sector, Government of India, FDI policy, Size of the industry

Abstract

India believes that manufacturing is crucial for national development, and the manufacturing sector contributes significantly to the country's GDP. Among various production sectors in India's manufacturing industry, foreign promoters have played a noteworthy economic role. The automobile industry and its auto components sector hold a prominent position in the global market. This paper focuses on the growth of Foreign Direct Investment (FDI) inflows in the Indian Automobile sector and examines the impact of the industry's size on FDI inflows. Notably, during the financial years 2021-2022, FDI in the Indian Automobile sector witnessed a remarkable growth of 326.1164%, ranking fifth in attracting the highest FDI inflows. The size of the industry holds a significant influence on the growth of FDI inflows in India.

Author Biographies

Sandeepthi Robert M, Research scholar, Dept. of Studies and Research in Business Administration, V.S.K. University, Ballari, Karnataka

Sandeepthi Robert M received her Bachelor degree in B.Sc Computer Science from Venkateswara University, Tirupati, Andhra Pradesh, India, and Master of Business Administration from Nagarjuna University, Andhra Pradesh, India. She is Pursuing her Ph.D. Degree in Management Studies, Vijayanagara Sri Krishnadevaraya University, Ballari, Karnataka, India. She has vast experience in Finance, Accounting, and Statistics and Published more than 05 articles in reputed journals.

Dr. Nirmala J., Assistant Professor, Dept. of Studies and Research in Business Administration, V.S.K. University, Ballari, Karnataka

Dr. Nirmal J, Working as an Assistant Professor, Department of Studies in Business Administration, Vijayanagara Sri Krishnadevaraya University, Ballari, Karnataka. She has vast experience in Business Administration, Capital Market, and Statistics for Management and Published more than 17 articles in reputed journals and one book, and she has guided one Ph.D. degree.

References

Thangadurai. N and S. Pallavi (2020), FDI Issues, Challenges, Recent Trends and Electronic Sector Growth in India, International Journal of Management (IJM), Volume 11, Issue 2, February 2020, pp. 170–174.

V. Sureshbabu and R. Vinitha (2019), FDI and Make in India, International Journal of Recent Technology and Engineering (IJRTE), Volume-8 Issue-2S10.

U.Lakshmana Rao and K.Ravikanth (2015), Make In India And Foreign Direct Investment (Fdi) - A Realism Towards India’s Manufacturing Hub, The Institute of Cost Accountants of India International Journal of Marketing, Financial Services & Management Research,

Pankaj Kumar Mandal (2016), Make in India and Recent Trend of FDI Inflow, International Journal of Commerce, Business and Management (IJCBM), Vol. 5, No.1

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Published

15-07-2023

How to Cite

M, S. R., & J, N. . (2023). Foreign Direct Investment in Automobile Sector in India. RESEARCH REVIEW International Journal of Multidisciplinary, 8(7), 71–74. https://doi.org/10.31305/rrijm.2023.v08.n07.010

Issue

Vol. 8 No. 7 (2023): RESEARCH REVIEW International Journal of Multidisciplinary

Section

Articles

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Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).