IMPACT OF FOREIGN DIRECT INVESTMENT ON POVERTY IN MADHYA PRADESH, INDIA

The intention of this study is to look into the connection between Foreign Direct Investment (FDI) and Poverty in the state of Madhya Pradesh in India. The indirect impact of FDI on decrease of poverty is through economic expansion which results in the progress of living standards due to the increase in GDP, improvement of skill and output, as well as the economic environment. According to the DPIIT, FDI inflows in the state Madhya Pradesh, between April 2000 and March 2020 summed up to US$ 1,512.65 million. The study highlights the major impact areas of FDI and its key findings suggest that we still have a long way to go to achieve its benefits. It would be important to ensure inter-state healthy competition in create a center of attention domestic and Foreign Direct Investment. For the intention of study secondary data and reports are being used which are collected by reports published by RBI, DPIIT. To extract the results, Linear Regression Model has been used with the help of SPSS Software. The outcome of study is reliant on the limited selected period of the researcher which may differ from another analysis.

Research Implications: This study undertaken will draw the attention of the Academicians, Policy Makers and Research Scholars. It will further highlight the role of FDI towards the Poverty from where it draws resources and society which gives it the human capital.

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Keywords: Foreign Direct Investment, Foreign Investment Promotion Board, Reserve Bank of India.


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