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Analysis of Foreign Direct Investment Inflows of BRICS Countries for Pre-Pandemic Period and during Pandemic Crisis |
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PP: 809-815 |
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doi:10.18576/isl/110312
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Author(s) |
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Ghousia Khatoon,
Umair Zahid,
Samira Ben Belgacem,
Pallavi Sri,
Hussaini Bala,
Mohammed Irfan Shariff,
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Abstract |
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| In the summit held in 2009, the leaders of Brazil, Russia, India China, and South Africa decided to identify themselves as a formal institution, and BRICS was declared as a formal institution in the year 2010. According to the UNCTAD report, these nations are identified as favored destinations for investments in FDI (Supachai, 2009). BRICS countries being recognized for their plenary FDI are also facing difficulty in attracting FDI inflows due to pandemic crises. FDI boosts entrepreneurship and is a great source of employment to millions. Thus there is a necessity to focus on the growth of FDI Inflows. The main purpose of this research is to study the growth trend of Foreign Direct Investment inflows of Brazil, Russia, China, India, and South Africa. The Study concentrated on seven years’ data (2014-2020) of FDI inflows collected from the statistics published by the Organisation for Economic Co-operation and Development (OECD) and International Monetary Fund (IMF). The data were analysed using Trend Percentages, CAGR (Compound Annual Growth Rate), Mean Scores, ANOVA, and LSD Post Hoc test. The results of the analysis showed that China bags the first rank in attracting FDI and South Africa stands last in attracting FDI among BRICS countries. The study also revealed that there is a significant difference in the FDI inflows amongst BRICS Countries.
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