Foreign Direct Investment: A Feature Key Drive’s for India’s Growth in it Sector
M. Kanaga1, K. Uthayasuriyan2
1Ms. M. Kanaga, Ph.D Full Time Research Scholar, Department of International Business Alagappa University, Karaikudi (Tamil Nadu), India.
2Dr. K. Uthayasuriyan, Professor and Head, Department of International Business Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 17 September 2019 | Revised Manuscript received on 04 October 2019 | Manuscript Published on 11 October 2019 | PP: 126-131 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B10210982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1021.0982S1019
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The IT sector continues the main drivers of development in India, contributing nearly 72 percentage of its added gross value in 2017-18. However, this sector’s growth in 2017-18 was moderate to 8.2 percent compared to 9.7 percent in the past year, although it remains greater than the IT sector, a main driver in FDI is frequently found in the open economy, a growth in investment assumes significant against the backdrop of widening current account deficit and trade deficit the country’s current account deficit is likely touch 2.8 percent of GDP 2018-19 on the IT sector, has increased its contribution to India has been rapidly moving upwards on the technology adoptions curve to improve and deliver leading it has excelled in business developing innovative solution and collaborating larger firms to meet the current needs of the IT sector. which offers a qualified workforce and excellent growth prospects for investors compared to tightly regulated in Foreign Direct Investment, perhaps it needs not only capital investment, but as well as technology. It could be included that the analyzed trend values are preferred to FDI inflows in IT Sector.
Keywords: FDI, Feature Key, IT Sector, GDP.
Scope of the Article: Social Sciences