IMPACT OF GLOBAL ECONOMIC FACTORS WITH FOREIGN INVESTMENTS ON INDIAN ECONOMIC DEVELOPMENT- AN EVENT STUDY

Abstract

Purpose: The present stage of economic development is the basis for this empirical inquiry, which shows that foreign direct investment (FDI) significantly affects the destination countrys steady, high-quality, and healthy economic growth. To attract more international investment, every country experiencing economic globalisation is working to provide a favourable climate for businesses. Design/Methodology/Approach: I gathered five global institutional metrics global inflation, global gross domestic product, global production manager index, dollar index, and global equity index from the DPIIT websites secondary data for the years 2013-2023. These metrics form the basis of my studys primary objective. We are Using stalactitical tools like Unit root Test, ARDL Approach & OLS Model. Originality/Value: The researchers in this study used OLS (Least Squares) regression: Institutional variables effects on FDI flows were the focus of this research. To determine the effect of institutional characteristics (independent variables) on foreign direct investment (FDI) flows (dependent variable), this research used the ordinary least square approach. Findings: The study found with the help of ARDL model that the Institutional indicators had are having the positive coefficient value and stated that Global Economic Metrics which shown short run association with FDI flows, Time constraints, geographical constraints, or the inaccessibility of necessary data from appropriate sources are all obstacles that any research project must overcome. KEYWORDS: FDI, Global Metrics, Economy Growth, OLS Model.