FDI and Growth of Economy – With Reference to Realty Sector in India

Dr.B.Nagaraju ., Chethan .

Abstract


In India after agriculture, the real estate sector is the second largest industry and it is asserted to be the most promising sector even today. The real estate market in India mostly continues to remain unorganized, fairly fragmented, mostly characterized by small players with local presence. Indian real estate has huge potential demand in almost every sector especially commercial, residential, retail, and industrial, hospitality, and healthcare etc. More emphasis was laid on FDIs in real estate only from 2005. Secondary data has been used for the study. The FDI inflow data from 2002-2013has been considered. This data is used to assess the impact of FDI’s in India and economic growth achieved through FDI flows. This paper aims at analyzing the flow of FDIs in realty sector in India and the impact of GDP along with the RBI initiations for attracting more FDIs into the realty sector. It is observed that FDI inflows into several sectors into India are devoid of the declining GDP growth rate which includes the Realty sector also. The impact on economic growth by the Government and FDI intervention, and certain efforts in Realty has in fact helped the economy grow and vice versa.

Keywords


Foreign Direct Investment, economic growth, Realty sector.

Full Text:

PDF

References


Biger, A. G. (2008,). Factors That Affect Canadian Propensity to Direct Investment Abroad:. The Open Business Journal, 1-9.

Hays, S. R. (2012). Return Persistence in the Indian Real Estate Market. International Real Estate Review, 283 – 305.

Iman, N. A. (2012). The Performance of Foreign Direct Investment in Real Estate 3rd International Conference On Business And Economic, 374-387.

Menon, M. &. (January 2011). Recessionary Challenges In Real Estate Business. Apjrbm, 206-215.

Seshanwita Das, T. D. (2013). A Panel Data Analysis of Sectoral Allocation of FDI in India:. International Journal of Management and Social Sciences Research (IJMSSR), 83-89.

Sinha, D. R. (April 2013). Analyzing Real Estate Market In India. Ge-International Journal of Management Research, 1-20.

T.Mamata. (2011). Impact of Global Financial Crisis on FDI Flows. International Journal of Trade, Economics and Finance,, 32-38.

T.Mamatha ( 2011) Impact of Global Financial Crisis on FDI Flows in India – A Special Reference to Housing sector, International Journal of Trade, Economics and Finance, Vol.2, No.1, pp32-38

Dr. Narendra Kothari (2011), “Impact of the Global Recession on the FDI Flows in India – A Special Reference to Housing Sector”, Annals of Management Research, Volume 1, Number 1, pp 28-37

Levy-Yeyati E, Panizza U, Stein E (2007). The cyclical nature of North–South FDI flows. Journal of International Money and Finance. Vol. 26 (1): 104–130.

Biger, Amarjit Gill and Nahum (2008) "Factors That Affect Canadian Propensity to Direct Investment Abroad" The Open Business Journal ,1-9.

Hays, Sanjay Rajagopal&Patrick. (2012) "Return Persistence in the Indian Real Estate Market." International Real Estate Review,283 – 305.

Shradhanjali Parida, Real Estate in Indian Context- Opportunities and Cahllenges, National Monthly Refereed Journal of Research in Commerce and management Vol. No.2 Issue No.2, pp,81-86

Sharma Reetu, (2013), Role of Foreign Direct Investment (FDI) in Different Sectors, International Journal of Advances in Management and Economics, pp, 14-19.

Gulsha Aktar (2013), Inflows of FDI in India-Pre and Post Reform Period, International Journal of Humanities and Social Science Invention, Vol. 2 Issue2,pp 01-11

Property insights ‘India’, Quarter-1, 2012, Cushman and Wakefield , “Citybank” pp 1-32.

Property insights ‘India’, Quarter-1, 2013, Cushman and Wakefield , “Citybank” pp 1-42.

Dr. Tabrez Ahmad, “Foreign Direct Investment in Real Estate In India: Challenges and implications”pp,1-47

Lata M Chakravarthy (2005) “Foreign Direct Investment in India”, ICFAI University Press.

Hrishikesh Baruah “Foreign Direct Investment & Real Estate Sector In India”

T K Shandilya Anil Kumar Thakur (2008), “Foreign Direct Investment in India: Problems and Prospects”, Deep & Deep Publications Pvt. Ltd, 1st Edition

Suman Chatterjee (2009) “An Economic analysis of Foreign Direct Investment in India”

Nirupa Bajpai & Nandita Dasgupta CGSD (2004), “What constitutes Foreign Direct Investment? Comparsion of India and China” www.earth.columbia.edu

RBI’s Bulletin October 2011 dt.12.10 .2011 (Table No. 44) - Foreign Investment Inflows). Government of India, Ministry of Finance ‘Economic Survey 20011-12’New Delhi.

RBI’s Bulletin October 2012 dt.12.10 .2012 (Table No. 44) - Foreign Investment Inflows). Government of India, Ministry of Finance ‘Union Budget for 2012-13’ New Delhi.

Reserve Bank of India (2012) ‘Macroeconomic and Monetary Developments – First Quarter Review 2012-13’, Mumbai,

Reserve Bank of India ‘Handbook of Monetary Statistics of India’, Mumbai

Reserve Bank of India (2012) ‘Handbook of Statistics on the Indian Economy’, Mumbai

United Nations (2012). Word Economic Situation and Prospects 2012. New York and Geneva. United Nations publication. January.

World Bank (2012). Global Economic Prospects 2012, Commodities at the Cross Road. Washington, DC. January.

www.indiahousing.com

www.rbi.ac.in


Refbacks

  • There are currently no refbacks.




Editorial Office:

Educational Research Multimedia & Publications,
S.N. 21, Plot No 24, Mirza Ghalib Road Malegaon Nasik,
Maharashtra India - 423203.
+919764558895 (whatsapp),
editor@scholarshub.net, www.scholarshub.net

Copyrights © 2010-2020 - ERM Publications, India     

This work is licensed under https://creativecommons.org/licenses/by-sa/4.0/