"Trends and Patterns of Foreign Direct Investment Inflows: Implications for Economic Growth in BRICS Nations"

Abstract

Foreign Direct Investment (FDI) plays a pivotal role in driving economic growth and fostering globalization. This study analyzes the trends and patterns of FDI inflows globally and within BRICS nations—Brazil, Russia, India, China, and South Africa—from January 2013 to December 2023. Using a decade-long dataset, the research identifies key patterns and trends in FDI distribution. The findings highlight the resilience of BRICS economies in attracting FDI amidst global uncertainties, with varying trajectories influenced by policy changes, geopolitical dynamics, and economic reforms. The paper also explores the implications of these trends for sustainable economic growth and development in BRICS countries. By providing a comparative analysis of global and BRICS-specific FDI inflows, the study offers valuable insights for policymakers, investors, and researchers.