Vision Global

One of the most prominent developments during the last two decades is the spectacular growth of FDI in the global economic landscape. This unrivalled growth of global FDI in 1990 around the world make FDI an important and vital component of development strategy in both developed and developing nations and policies are designed in order to stimulate inward flows.

During, in the early nineties, Indian economy faced severe Balance of payment crisis. Exports began to experience serious difficulties. There was a marked increase in petroleum prices because of the gulf war. The crippling external debts were debilitating the economy. The overall Balance of Payment reached at Rs.( -) 4471 crores. Inflation reached at its highest level of 13%. The continued political uncertainty in the country during this period adds further to worsen the situation. As a result, India's credit rating fell in the international market for both short- term and long- term borrowing In this critical face of Indian economy The then finance Minister of India Dr. Manmohan Singh with the help of World Bank and IMF introduced the macro - economic stabilization and structural adjustment programm. As a result of these reforms India open its door to FDI inflows and adopted a more liberal foreign policy in order to restore the confidence of foreign investors. From that time the foreign investment is just growing every year and with that our economy is growing.

Foreign investment helps in creation/preservation of employment. It also facilitates exports. Diverse types of FDI lead to diverse types of spillovers, skill transfers and physical capital flows. It enhances the chances of developing internationally competitive business environment. It is observed that FDI plays a positive role in enhancing the economic growth of the host and home country as well.

Taking all above mention observation into consideration we, in IMCCI very much promote the foreign investment in to India through us which is beneficial to grow our members business as well as to grow the economy of the nation.