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Title: EFFECT OF 2008 GLOBAL FINANCIAL CRISIS ON FDI IN BRICS NATIONS WITH SPECIAL FOCUS ON INDIA
Authors: Pummy Yadav
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Pummy Yadav Assistant Professor, Department of Economics, Kalindi College, Delhi University-110007
MLA 8 Yadav, Pummy. "EFFECT OF 2008 GLOBAL FINANCIAL CRISIS ON FDI IN BRICS NATIONS WITH SPECIAL FOCUS ON INDIA." Int. j. of Social Science and Economic Research, vol. 4, no. 8, Aug. 2019, pp. 5645-5669, ijsser.org/more2019.php?id=433. Accessed Aug. 2019. APA Yadav, P. (2019, August). EFFECT OF 2008 GLOBAL FINANCIAL CRISIS ON FDI IN BRICS NATIONS WITH SPECIAL FOCUS ON INDIA. Int. j. of Social Science and Economic Research, 4(8), 5645-5669. Retrieved from ijsser.org/more2019.php?id=433 Chicago Yadav, Pummy. "EFFECT OF 2008 GLOBAL FINANCIAL CRISIS ON FDI IN BRICS NATIONS WITH SPECIAL FOCUS ON INDIA." Int. j. of Social Science and Economic Research 4, no. 8 (August 2019), 5645-5669. Accessed August, 2019. ijsser.org/more2019.php?id=433.
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Abstract: This paper examines the effect of 2008 global crisis on the FDI inflows using annual dataset from 1995 to 2015. We have divided this paper in two parts; detailed analysis of effect of crisis on FDI inflows in India and effect of the crisis on FDI inflows in BRICS nations. In the first part of the paper, we have conducted a detailed analysis of the effect of different determinants of the FDI on its inflow pre and post crisis. This study revolves around the 2008 global financial crisis as many economists it to be the worst financial crisis since the great depression of the 1930s. The crisis started in 2007 with the collapse of the investment bank Lehman Brothers and the collapse of the subprime mortgage market in USA accompanied by the reversal of the housing boom in other industrialized economies have had a ripple effect around the world. The study revealed that there has been a significant rise in the FDI inflows in Brazil, India and China during the post crisis period as compared to the FDI inflows in the pre-crisis period, though FDI inflows declined in first few years after the crisis but it reverted back very soon. As these five nations gain importance on the global stage, the international community will increasingly look to the BRICS to stabilize the world's economic system. Importantly, these economies along with the US that will lead the future FDI recovery. If the BRICS can productively work together today, it should bode well for the future economic order.

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