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Growth performance and forecasts of FDI inflows to Sri Lanka

Author

Listed:
  • Gulshan Kumar

    (University Institute of Legal Studies (UILS), Panjab University, Chandigarh)

  • Neerja Dhingra

    (B.D. Arya Girls College, Jalandhar Cantt)

Abstract

Sri Lanka has strived hard to launch its economic reforms that favoured a greater role to FDI. The present study is an attempt to find the growth performance and forecasts of FDI inflows to Sri Lanka. The study concludes that Sri Lanka has not been able to attain the growth rate which can match the growth rate of FDI inflows to South Asia. South Asian aggregate FDI inflows have registered a growth rate of 24.58 percent during the period of 1991-2010. But, the growth rate in case of FDI inflows to Sri Lanka is as low as 9.31 percent. It means that its counterparts South Asian countries like India, Pakistan, and Bangladesh have registered higher growth rate than Sri Lanka. Keeping in view the past trends and future projections, Sri Lanka needs to put in place a comprehensive development strategy which includes being wide open to FDI. Efforts must be made to ensure that the actual inflows do exceed the forecasted figures

Suggested Citation

  • Gulshan Kumar & Neerja Dhingra, 2012. "Growth performance and forecasts of FDI inflows to Sri Lanka," E3 Journal of Business Management and Economics., E3 Journals, vol. 3(8), pages 307-317.
    • Handle: RePEc:etr:series:v:3:y:2012:i:8:p:307-317
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    References listed on IDEAS

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    1. Sanjeev Gupta & Gulshan Kumar, 2008. "Growth Performance and Forecasts of Exports of Leather Industry in Punjab," Foreign Trade Review, , vol. 43(1), pages 27-41, April.
    2. Gardner, Everette Jr., 2006. "Exponential smoothing: The state of the art--Part II," International Journal of Forecasting, Elsevier, vol. 22(4), pages 637-666.
    3. H.S. Sidhu & Neerja Dhingra, 2009. "Foreign Direct Investment Inflows to India," Foreign Trade Review, , vol. 44(3), pages 24-56, October.
    4. Badar Alam Iqbal, 2006. "FDI: A Tool for Economic Development," Foreign Trade Review, , vol. 41(2), pages 62-80, July.
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