Foreign Capital Remains Buoyant for the Development of Indian Economy
Despite the negative short-term shocks from the pandemic, India still remains an attractive destination for foreign investors. In the first eight months of 2020, investment has already reached around US$ 17 billion. Global technology firms, such as Google, Facebook, Amazon, and Foxconn are invested in India. The government policies and provided incentives with other advantages for foreign investors are complementing business plans in India which is converting COVID-19 pandemic into an opportunity for a country.The past, present, and future of today's India presents the story of how a slowest growing economy of an independent India from 1947 to 1990 maintained average growth of 4%, and by adopting new liberal policies in 1991 (growth rate of 1.06%), became the 5th largest economy in the world in 2019 by overtaking the United Kingdom, and France. And again in 2020, after 73 years of independence, and 29 year of being liberal economy; the Indian economic growth is slowing down to 1.0% during the pandemic. Therefore, a looming question gripping a country and abroad, what is the future of India post pandemic?