Abstract: Foreign Direct Investment has been one of the important elements in the growth strategies of the world’s most successful developing nations. The four larger economies: Brazil, Russia, India and China have emerged as strong economic blocks in the world and FDI inflows had contributed substantially in their economic growth.Having evidenced economic growth either directly or indirectly due to FDI inflows, all the four countries have been reforming their institutions to promote FDI inflows. The increasing promotional activities for inviting larger FDI inflows have led to a competitive environment in FDI attraction among these countries.The current study examines the competitive position of India among Brazil, Russia and China in FDI attraction through the following research questions:What is the position of BRIC’s FDI in world FDI? What is the status of FDI inflows during the period 2001 to 2011in BRIC countries? How was the performance of BRIC’s FDI inflows in contributing to Gross Domestic Product and Gross Fixed Capital Formation?How competitive is India among the other three of BRIC? The study reveals the fact that though India has better scope inFDI attraction, the volume and rate of growth is low while compared to Brazil, Russia and China, while China has out performed and Brazil has attracted good volume of inflows. All the four countries managed to recover during the post- economic crisis, but at a different speed. The current paper thus discusses the position of India among BRIC countries in FDI attraction.
Keywords: FDI inflows, emerging economies, BRIC, GDP (Gross Domestic Product), Gross Fixed Capital Formation
Title: A Comparative Assessment of FDI in BRIC countries with special focus on India’s Position
Author : Mathipurani V. B, Rachel Nancy Philip
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
