India has been witnessing an extensive amount of foreign capital flowing to the market
over the past twenty years after drastic changes made on its FDI policy. The aim of this research is to
evaluate the policy developments of FDI during different stages since its independence and its impact
on capital inflows. This research attempts also to uncover lessons that can be learnt from the case of
India. A qualitative approach has been adopted for this research. The narrative analysis used in this
study is based on secondary data that have been drawn from a pool of diverse sources including
various databases, journal publications and books