stdClass Object
(
    [id] => 17981
    [paper_index] => 202510-07-024647
    [title] => THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT (FDI) AND EXCHANGE RATE IN INDIA (1991-2021): A LONG-TERM ANALYSIS
    [description] => 
    [author] => Smridhi Singh
    [googlescholar] => 
    [doi] => 
    [year] => 2025
    [month] => October
    [volume] => 12
    [issue] => 10
    [file] => fm/jpanel/upload/2025/November/202510-07-024647.pdf
    [abstract] => Since India’s Liberalisation in 1991, Foreign Direct Investment (FDI) has become a key driver of growth, impacting industrial expansion, jobs, and technological progress. 
At the same time, changes in the Exchange Rate have significantly affected how attractive India is for investment. 
This study looks at the long-term link between FDI inflows and the Exchange Rate in India over thirty years (1991-2021). 
The research aims to see if changes in the Exchange Rate notably influence FDI inflows. It also examines whether increasing FDI levels affect exchange rate shifts through their influence on the balance of payments, capital account, and overall economic stability. 
The study uses Correlation and Regression analysis to explore the strength, direction, and significance of the relationship between these two important economic factors. 
Data on FDI inflows comes from official sources like the Reserve Bank of India (RBI), Economic Survey, and Database on Indian Economy (DBIE). 
Exchange Rate data is sourced from the Foreign Exchange Dealer's Association of India (FEDAI), the RBI and the World Bank. 
Initial analysis shows a dynamic and bidirectional relationship. Exchange rate depreciation may encourage FDI inflows by making local assets cheaper for foreign investors. Meanwhile, consistent FDI inflows can help stabilize or even raise the exchange rate over time. 
This study enhances our understanding of how economic and policy elements interact and shape foreign investment trends in a developing country like India. The findings also offer useful insights for policymakers working on strategies to promote exchange rate stability and sustainable FDI growth. 

    [keywords] => Foreign Direct Investment (FDI), Exchange Rate, Economic Liberalization, Capital Flows, Monetary Stability.
    [doj] => 2025-11-02
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 31
    [journal_id] => 7
    [googlesearch_link] => 
    [edit_on] => 2025-11-02 01:25:12
    [is_status] => 1
    [journalname] => EPRA International Journal of Economics, Business and Management Studies (EBMS)
    [short_code] => IJHS
    [eissn] => 2347-4378
    [pissn] => 
    [home_page_wrapper] => images/products_image/2.EBMS.png
)
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