India as a Top Destination in FDI Inflows: Is It a Reality or a Myth?

FDI inflows are the necessity of Indian economy. This is because India is in the process of transformation from traditional economy to modern economy. FDI inflows play a crtical role in providing resources for accelerating the pace of growth of Indian economy. FDI further helps in keeping current account deficit at the low ebb. This paper tries to highlight the emerging trends in FDI inflows to Indian economy. FDI inflows are also coming through mergers and acquisitions. India is adequately attracting FDI inflows and hence has come out as the top destination in the world. [ABSTRACT FROM AUTHOR]