Internationalization of Indian Firms

In the background of deepening and widening of globalization, many developing nations have introduced policies of internationalization leading their firms to assume a transnational character. In this background, Indian entrepreneurs have also intensified their overseas expansion. Towards this, they received a strong government support in the form of liberal policy regime facilitating easy outflow of capital. The mounting foreign exchange reserves have also helped them in their endeavours. Thus, stories of Indian firms going global and becoming successful became more and more frequent. The present paper attempts to explore the progress, mindset, and perspective of Indian firms in their global expeditions. It highlights major characteristics of India's investment abroad in terms of volume, geographical spread and sectoral pattern in the post-reform period especially since the mid-nineties. It also makes a comparison of recent trends with that of the pre-reform period to reflect upon the changing mindset and perspective of Indian business community.