The exploring research of foreign direct investment on the economic development in India -evidence from ADF- ARDL

Foreign direct investment (FDI) inflows are regularly seen as an important catalyst for economic growth in developing countries. The study objectives are to analyze the current status of Foreign Direct Investment and Economic Development in India and to determine the impact of Foreign Direct Investment and Macro Economic Factors. The study has been used data from 2000-01 to 2018-19 by using Augmented Dickey-Fuller (ADF) and Auto-Regressive Distributive Lag (ARDL) the results have been estimated. The study results indicate the positives relationship can be a result of sufficient foreign direct investment invest in India's economy which has been able to exert sufficient consequence to make it develop the economy