Foreign Direct Investment (FDI) is viewed as a source of economic development, modernization, employment, and income growth for emerging economies like India. It acts as a significant catalyst and as the lifeblood of economic development by way of up-gradation of technology, managerial skills,...

This paper is divided into two sections. The first section deals with the Foreign Direct Investment (FDI). It gives a brief overview of the dependencia theories of the 1960s and the OS response to them. This is followed by a brief on IMF Fund Adjustment Program which is viewed as unilateral...