FDI IN DEFENCE-PRACTICAL PERSPECTIVE

The study examines the perception of army personnel and professors regarding the impact of a hike in FDI in defence on an Indian economy, on the nation’s security and regarding achievement of self-reliance with the help of independent sample t-test. The results of the study revealed that the p-values were less than a priori alpha level of .001 which implied that it was acceptable to assume that the levels were considered to be non-normal. However, Independent sample t-test could also proceed with non-normal population as t-test is a robust against departure from normality of the data set. The study found that in case of defence, the study elucidated that professors perceived a more positive impact of a hike in FDI limit in Indian economy’s defence sector than an army personnel. The study suggested that through FDI government must foster sustainable development by bolstering education system, health and R&D system and by ensuring personal security of the citizens.