First Develop India and Make in India:The New Face of Foreign Direct Investment (FDI)

Countries of the world, particularly developing economies, are vying with each other to attract foreign capital to boost their domestic rates of investment and also to acquire new technology and managerial skills. Intense competition is taking place among the fund-starved less developed countries to lure foreign investors by offering repatriation facilities, tax concessions and other incentives. However, FDI is not an unmixed blessing. Governments in developing countries have to be very careful while deciding the magnitude, pattern and conditions of private foreign investment. The growth of FDI flows to developing countries is unevenly distributed among regions and groups of developing countries. Most FDI flows continue still to be concentrated in 10 to 15 host countries overwhelmingly in Asia and Latin America. South, East and Southeast Asia has experienced the fastest economic growth in the World, and emerged as the largest host region. China is now the largest host country in the developing world. Thus, Political influence must leave their old outlook as overpowered by the Imperialism and government should foresee the future and rising demands of the country. Modern youth needs a respectable and comfortable job, quality education, rural areas need upbringing and urban areas need industrialization