Foreign direct investment (FDI) is believed to be an important determinant of economic growth in developing countries, but its impact varies across countries. Presence of other determinants (like domestic investment, inflation, infrastructure and external trade) may augment or retard the potential impact of FDI on economic growth. Moreover, due to the non-homogeneous nature of sectoral FDI, the sectoral composition may create differential impact on economic growth. Hence, it is necessary to identify and measure the differential impact of sector-wise (primary versus secondary versus tertiary sector) FDI inflow. Exploring the nature and behaviour of overall and sectoral FDI inflow in South Asian countries in the recent past, this article has taken a holistic approach in studying and analysing the FDI-growth dynamics. The study found that the impacts of FDI in South Asia are indeed influenced by sectoral composition of FDI.

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The State-NGO partnership and the coordination of the local government, corporate sector, academics, intelligentsia and the civil society with the NGOs are discussed in resolving the socio-economic problems in the country.

India embarked on a high growth path right in the early 1950s. However, due to some internal and external shocks, the economy slowed down from the mid-1960s until about 1980. Moreover, throughout the period, industry and services grew at higher rates compared to agriculture whose share in GDP was almost 60 per cent in 1950. Thus, the increasing trend in the overall growth rate is the reflection of the increasing shares of the high growing sectors in the GDP. It is also suggested that mere growth is not sufficient to reduce poverty, while poverty reduction may also impact growth positively.

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