Foreign Capital and Economic Growth in India

Discover the intricate relationship between foreign capital and economic growth in India with Foreign Capital and Economic Growth in India by Mahendra Pal. Published by Springer Verlag in 2023, this first edition spans 185 pages of in-depth empirical research that addresses a crucial gap in understanding the foreign capital-growth nexus.

In this insightful book, Mahendra Pal meticulously explores the long-run relationship between Foreign Direct Investment (FDI) and economic growth, highlighting the causal link from FDI to growth. Additionally, the book delves into the dynamics of aid and its impact on growth, revealing the causal direction from aid to economic development.

This comprehensive analysis is essential for economists, policymakers, and anyone interested in the economic landscape of India. Enhance your understanding of macroeconomics and the vital role of foreign capital in fostering growth with this authoritative resource.