Seybold Report ISSN: 1533-9211
Abhishake kumawat, Dr Bhupinder Pal Singh
Vol 18, No 8 ( 2023 ) | Licensing: CC 4.0 | Pg no: 208-214 | Published on: 30-08-2023
Abstract
This research delves at the crucial function that Foreign Direct Investment (FDI) plays in propelling economic growth, emphasising the effects of FDI in relation to a range of economic metrics. The study employs a rigorous quantitative methodology to examine secondary data obtained from official publications, academic literature, and reports from international organisations. Important economic variables are analysed to clarify the complex impact of foreign direct investment (FDI) on economic growth, including the GDP, employment rates, and poverty rates. With a high R-squared value of 0.754 and an adjusted R-squared of 0.742, the regression analysis shows a robust correlation between foreign direct investment (FDI) and economic development, indicating the significant explanatory power of FDI. Regression coefficients also show a strong positive correlation between infrastructure, human capital, government policies, and foreign direct investment (FDI), highlighting the critical roles these factors play in promoting economic growth. These results highlight how crucial it is to implement policies that boost human capital, draw in foreign direct investment, and upgrade infrastructure in order to promote economic growth. Policymakers may foster an atmosphere that supports sustainable economic growth and enhanced societal well-being by giving priority to these methods. All things considered, this research adds insightful information to the discussion of successful economic tactics and offers a framework for well-informed policy creation and decision-making.
Keywords:
GDP, Employment Rate, Regression Analysis, Economic Indicators, Foreign Direct Investment (FDI), Economic Development