The burden of bringing about a new wave of economic growth has rested squarely on the shoulders of the emerging countries, with the finances of the advanced economies in terrible circumstances and prospects of recovery appearing increasingly remote (Brazil, Russia, India, China). Multiple factors will affect how these nations respond to this enormous job, one of which is the trends in their inward and outward foreign direct investments (FDIs). The volume and composition of these flows determine how much FDI will affect the host nation. In the current economic context, host nations compete with one another to draw in thehighest quantities of FDI. The emerging economies provides a variety of advantages to international investors, including a young labour pool, a cheap labour force, natural resources, and sizable markets. FDI appears to have a favourable effect in these emerging economies by aiding in their development. Variations with respective to inward and outward Foreign Direct Investment opportunities are one of the many variables that will determine how these nations respond to this mammoth endeavour (FDIs). The study conducted in this paper is intended to shed at least a little amount of light on the challenging issue of clearly comprehending economic growth paradigms in the emerging economies and their potential cascade implications on the planet’s long-term economic viability.