IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-981-19-0357-1_5.html
   My bibliography  Save this book chapter

Forecast of Foreign Direct Investment of India Through ARIMA Under COVID-19 Pandemic

In: Future of Work and Business in Covid-19 Era

Author

Listed:
  • Ronismita Mishra

    (KIIT University)

  • Swapnamoyee Palit

    (KIIT University)

Abstract

COVID-19 has already affected millions of lives across the globe, and most of the industries and businesses are closed. This pandemic has badly hit the process of globalization. As a result, the flows of FDI are upset and global FDI flows are anticipated to decline between 30 and 40% during 2020–2021. Countries like the USA have negotiated or held up FDI proposals for national security concerns. Regardless of the adverse transitory shocks from COVID-19, aggregate FDI inflows into India have continued resilient. FDI by technology-based enterprises has reached USD 17 billion in the first seven months of 2020, supported by new investments by Google valued at USD 10 billion in since July, 2020, and other global technology-based enterprises like Amazon, Facebook, and Foxconn have also agreed for new large investments in India by this year. The digital revolution of India is anticipated to boost the progress of the retail consumer market and e-business over the next ten years. It helps to captivate prominent international MNCs in merchandise and e-business in the Indian market. India’s apt step to armour against opportunistic economic shadowing of its companies by competing nations during the pandemic is a right move. Also, it has to tap all the existing and emerging areas which possess the potential to attract and absorb huge foreign investment for development. This paper makes a forecast of FDI using ARIMA modelling and explores the compositional and directional impact on it under this COVID scenario in India. Though the long-run forecast over the next 10 years throws a silver lining of a continuation of the upward trend of the inward FDI inflows in India, the fact that it is more skewed towards its lower limits signals the need for streamlined and substantial policy strategies to tap and promote its buoyancies to realize its trend towards the upper limit if not beyond.

Suggested Citation

  • Ronismita Mishra & Swapnamoyee Palit, 2022. "Forecast of Foreign Direct Investment of India Through ARIMA Under COVID-19 Pandemic," Springer Proceedings in Business and Economics, in: Rabi Narayan Subudhi & Sumita Mishra & Abu Saleh & Dariush Khezrimotlagh (ed.), Future of Work and Business in Covid-19 Era, pages 39-56, Springer.
    • Handle: RePEc:spr:prbchp:978-981-19-0357-1_5
    DOI: 10.1007/978-981-19-0357-1_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-981-19-0357-1_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.