While there are many empirical studies on the impact of FDI in developing countries, few of them have been carried out in India at the state level which gives a holistic as well as detailed view of the spillover of FDI. This paper analyzes the impact of FDI on eight major states in India during the post- reform period from 1991-2004 using three models, FE, RE and SUR models. FE (Fixed Ef...