India's Global Competitiveness: Challenges

This report traces the India's position on economic development and its global fight. Foreign Direct Investments have been a central driver for speeding up the economic development through employment generation, and improved access to managerial expertise, global capital, product markets and distribution network. FDI in India has enabled to reach a certain level of financial stability; growth and development to sustain and compete in the world-wide economic system. Most importantly FDI is central to India's integration into global production chains which involves production by MNCs spread across locations all over the globe. (Economic Survey 2011-12). It is anticipated that by effective implementation of 'Make in India' slogan utilization in a maximum extent of Indian natural resources, labor, money and machinery across the country will be possible.