Effect of 'Make in India' Scheme to facilitate foreign direct investment (FDI) inflow into Indian Economy: A case study from the lens of Indian automobile sector

Badgayan, Parth Dhar (2021) Effect of 'Make in India' Scheme to facilitate foreign direct investment (FDI) inflow into Indian Economy: A case study from the lens of Indian automobile sector. Masters thesis, Dublin, National College of Ireland.

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Abstract

This research study investigates the impact of the “Make in India” scheme on the foreign direct investment (FDI) inflow into the Indian economy and Indian Automobile sector. The present paper aims to understand the effect of Make in India policies concerning FDI flow to examine the degree of transformation of the Indian Automobile sector over the past few years. Recent research studies find that the FDI inflows have increased in the automobile, service sectors, construction, pharmaceutical and computer industry under the Make in India scheme and are new trendsetters. India's economy is now one of the world's fastest expanding, owing to numerous reforms implemented as part of the Make in India movement. Whilst the Indian government has launched a slew of changes designed to improve India's economic environment, there seems to be a radical transformation in governance (Singh and Jaiswal, 2018). This has created a level of confidence in foreign investors and has been used to encourage employment and assist entrepreneurship (Priya and Maithili, 2018). To examine the transformation this research study uses primary data collected from participants using a questionnaire and reliable secondary data from the Indian government websites such as DIPP (Department for Promotion of Industry and Internal Trade) and Invest India. Preliminary findings of this study suggest that there has been a substantial increase in FDI investment in India which is primarily due to the relaxing of FDI norms in different sectors including the Indian Automobile sector which is also one of the biggest beneficiaries of the FDI. All-inclusive, despite facing few challenges such as economic war and political deadlocks, ‘Make in India’ is continuing its remarkable run and are on course on making India a manufacturing hub of the world and transform the Indian economy to have a global outlook (Kamal, 2017).

Item Type:	Thesis (Masters)
Subjects:	D History General and Old World > DS Asia H Social Sciences > HG Finance > Investment > Foreign Direct Investment H Social Sciences > HD Industries. Land use. Labor > Specific Industries > Motor Industry
Divisions:	School of Business > Master of Science in International Business
Depositing User:	Clara Chan
Date Deposited:	02 Mar 2022 14:53
Last Modified:	02 Mar 2022 14:53
URI:	https://norma.ncirl.ie/id/eprint/5510

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