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Indian FDI Falls in Global Economic Crisis

Author

Listed:
  • Jaya Prakash Pradhan

    (Sardar Patel Institute of Economic and Social Research in India)

Abstract

Just over a year ago, India's outward foreign direct investment (OFDI) seemed to be on a path of rapid and sustained growth. Its average annual growth of 98% between 2004 and 2007 was unprecedented, far ahead of that of other emerging markets like China (74%), Malaysia (70%), Russia (53%), and the Republic of Korea (51%), albeit from a much lower base. However, much of the recent growth in India's OFDI has been fuelled by large-scale overseas acquisitions, and it faltered when the global financial crisis that started in late 2007 made financing acquisitions harder.

Suggested Citation

  • Jaya Prakash Pradhan, 2009. "Indian FDI Falls in Global Economic Crisis," Transnational Corporations Review, Ottawa United Learning Academy, vol. 1(4), pages 1-11, December.
    • Handle: RePEc:oul:tncr09:v:1:y:2009:i:4:p:1-11
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    Citations

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    Cited by:

    1. Pradhan, Jaya Prakash, 2009. "Emerging Multinationals from India and China: Origin, Impetus and Growth," MPRA Paper 18210, University Library of Munich, Germany.
    2. Mortimore, Michael & Razo, Carlos, 2009. "Outward investment by Trans-Latin enterprises: reasons for optimism," Columbia FDI Perspectives 12, Columbia University, Columbia Center on Sustainable Investment (CCSI).
    3. Multilateral Investment Guarantee Agency, 2009. "World Investment and Political Risk 2009," World Bank Publications - Books, The World Bank Group, number 2688.
    4. Muhammad Shahbaz & Samia Nasreen & Ilhan Ozturk, 2016. "FDI, Growth and CO2 Emissions Relationship: Evidence from High, Middle and Low Income Countries," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 4(1), pages 54-69, March.

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