... Economic Reforms, Foreign Direct Investment and its Economic Effects in India Abstract: Foreign direct investment (FDI) has boomed in post-reform India. Moreover, the composition and type ... only remaining regulations were relaxed and still more industries opened up to FDI. Keywords: foreign direct investment, economic reform, growth effects, India, cointegration, ... increasingly transferred foreign technologies which may support India s industrial upgrading. In 1990-91, such transfers were largely confined to FDI in engineering. They still figure most prominently...