What to government try to attract more foreign investment
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Governments try to attract more foreign investment for the following reasons
(i) It helps in improving the financial condition of the people by accelerating growth of the economy.
(ii) Foreign investments create new job opportunities in the country, direcdy as well as indirecdy in support services like transportation.
(iii) The government gains additional taxes by taxing the profits made from foreign investments
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(i) It helps in improving the financial condition of the people by accelerating growth of the economy.
(ii) Foreign investments create new job opportunities in the country, direcdy as well as indirecdy in support services like transportation.
(iii) The government gains additional taxes by taxing the profits made from foreign investments
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Question: Why do governments try to attract more foreign Investments?
Answer: Governments try to attract more foreign investments for the following reasons:
It provides the necessary capital for undertaking economic activities, which would in turn boost the GDP growth...
It leads to increased employment opportunities...
It provides the required tax income for the government...
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