Brics Fdi Policies: An Empirical Analysis of Foreign Direct Investment of India with Brics Economies in Covid-19

Abstract

The COVID-19 pandemic catastrophe and the current condition of global economic volatility make it imperative to investigate new strategies for ensuring countries' sustained financial and economic development. It is significant for emerging BRICS economies especially for sustainable Economic growth is mandatory to face the present global challenges in the 21^st century. Examining the investment strategies of the BRICS Nations, the study seeks to identify new fields of collaboration where coordinated investment could be most beneficial. Alliance of BRICS cooperation can be strengthened as a means of addressing new global economic challenges in post COVID-19 period. This research article investigates the statistical, logical, comparative and structural analysis in addition to BRICS investment policies and explanation of the results has been discussed.  The authors were the first to identify promising areas for future BRICS investment cooperation and to reveal the features of these sectors in a variety of areas, including as infrastructure development, taxation, trade policies, labor legislation and regulation. To accomplish sustainable development goals, the authors suggested that, how vital it is for the BRICS countries to work together on investments policies for exponential GDP growth. In this concerned issue the BRICS Nations should pay strategic investments more attention, as well as a list of the priority investment areas. The paper recommends that institutional investors of all ownership types and BRICS development banks engage more in partnership and cooperation processes. It also highlights how national currencies should be used more often in combination with infrastructure and green bonds that are issued to boost national economies of BRICS Nations.