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

Author

Listed:
  • Dr. B. Nagaraju

    (Associate Professor, DoSin Commerce, University of Mysore, Mysore, India.)

  • Chethan

    (UGC–JRF–Research Scholar, DoSin Commerce, University of Mysore, Mysore, India.)

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.

Suggested Citation

  • Dr. B. Nagaraju & Chethan, 2014. "FDI and Growth of Economy – With Reference to Realty Sector in India," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 5(1(1)), pages 55-66, January.
    • Handle: RePEc:aii:ijcmss:v:5:y:2014:i:1(1):p:55-66
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    References listed on IDEAS

    as
    1. World Bank, 2012. "Global Economic Prospects, January 2012 [Perspectivas económicas mundiales : incertidumbre y vulnerabilidad - Resumen ejecutivo]," World Bank Publications - Books, The World Bank Group, number 12105.
    2. Sanjay Rajagopal & Patrick Hays, 2012. "Return Persistence in the Indian Real Estate Market," International Real Estate Review, Global Social Science Institute, vol. 15(3), pages 283-305.
    3. World Bank, 2012. "Global Economic Prospects, June 2012 [Perspectivas económicas mundiales: gestionar el crecimiento en un mundo volátil - Resumen ejecutivo (Vol. 1)]," World Bank Publications - Books, The World Bank Group, number 12106.
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