the contribution of FDI in automobile industries
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Answer:
Foreign direct investment (FDI) is an investment made by an organization/entity in one country in an industrial/business activity in another country. FDI can take place in the form of establishing new business operations from scratch or acquiring existing business assets in the other country. FDI includes mergers and acquisitions, building new facilities, expansion of existing production capacity, etc. FDI usually involves control/participation in management, joint-venture, management expertise and technology transfer. It excludes investment through purchase of securities or portfolio foreign investment, a passive investment in the securities of another country e.g. shares and bonds.
There was a lot of volatility in the annual FDI inflows in Automobile Industry during the period 2000-01 to 2016-17. We have seen a growth of 79.64% in FDI inflows in Automobile Industry from $ 1517.28 million during 2013-14 to $ 2725.64 million during 2014-15. We have seen a fall of -7.29% in FDI inflows in Automobile Industry to $ 2526.82 million during 2015-16 over 2014-15. We have seen a fall of -36.31% in FDI inflows in Automobile Industry to $ 1609.32 million during 2016-17 over 2015-16.
The amount of FDI in Automobile Industry was $ 195.33 million in 2000-01. The share of FDI in Automobile Industry in total FDI in India was 8.21% in 2000-01. The amount of FDI in Automobile Industry was $ 235.76 million in 2001-02. It increased by $ 40.43 million as compared to 2000-01. In percentage terms, the increase was 20.7%. The share of FDI in Automobile Industry in total FDI in India was 5.85% in 2001-02.
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