Ensuring Sustainable Growth of Uzbekistan's Economy on the Basis of Efficient Use of Investments

Abstract

This article provides an analysis of the role of investment and modernization in the economy, its importance. The level of development of any country, that is, the development and growth of the economy, largely depends on the investment process in the country. The experience of developed countries shows that the attraction of foreign investment has been one of the decisive factors in the high level of development of these countries. Investment is a financial source of reproduction and economic growth in general, a factor determining the development of the productive forces and the system of economic relations. Investments ensure the development of science and technology, the implementation of achievements and the process of socio-economic development. It is also a necessary condition for the continuous improvement of living standards and quality of life.