How Healthy Is The Green FDI in India?
Keywords:Green FDI, Non-conventional Energy, Eco-destructive Sector, Sustainable development
The concept of 'Green FDI' is not any older. The continuous threat of global warming and environmental degradation forced economists to raise the issue with an intention to step up the efforts of attracting and nurturing environmentally sound technology and practices. India is a power deficient and a fund scarce country. Government efforts to attract foreign investors in the non-conventional sector, considering it to be green, can bring more efficiency, technology and paced sustainable development to the economy. Present study is an attempt to prove the scope and compatibility of Green FDI with the total foreign investment in India. Considering the infancy of identified field, a different approach of assessment has been adopted. Association of green FDI and Eco- Destructive FDI with the total FDI has been acknowledged through Regression Analysis.Comparison of relationship with the contradictory sectors helped in reaching the conclusion effectually. Results provided that the FDI in non-conventional energy in India does have a long term and stronger relationship with total foreign investment which eventually verifies pink and healthy future of Green FDI in the country.
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