Outward foreign direct investment: the Indian experience. Issue 1 (2nd January 2018)

• Record Type: Journal Article
• Authors: Kaushal, Leena Ajit
• Is Part Of: Transnational corporations review. Volume 10:Issue 1(2018)
• Page Start: 86
• Page End: 97
• Publication Date: 2018-01-02
• Subjects: FDI -- Internationalisation -- India -- ODI -- emerging markets -- merger and acquisitions; 338.88
• DOI: 10.1080/19186444.2018.1436658
• Languages: English
• ISSNs: 1918-6444

Abstract

Abstract: The development of India, characterised by increased internationalisation of firms in a form of significant overseas investments, mergers and acquisitions, has attracted global interest. The Indian overseas investments have increased ever since the liberalisation of 1991 but exhibited remarkable growth since the 2000s. This paper provides an overview of the changing patterns of Indian outward foreign direct investment especially during the take-off phase – i.e. 2000s onward – and contributes to the literature of overseas investment, especially in the context of emerging market economies. This study finds that the current surge in India's overseas investment is driven by Indian knowledge-based industries, such as pharmaceuticals, information technology, telecommunications, software, and automobiles. This makes contributions to sustaining long-term domestic and international growth by improving productivity.