Foreign Direct Investment and Growth in BRICS Countries: A Review

It is not possible for developing countries like BRICS to grow without sufficient import of foreign capital because of the gaps exist in domestic savings and requirements. For the developed countries, it is necessary to support sustainable development and for the developing countries it is used to increase economic growth. Since 1980 both developing and developed countries have been trying to attract Foreign Direct Investment through providing incentives by adopting greater deregulation of policies, best infrastructure and reliance on market forces in the economies. The main intend of this paper is to investigate the impact of foreign direct investment on growth of BRICS countries and potential determinants of FDI in these countries through literature and which of determinants are much effective to boost FDI and growth in these countries.