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Outward Foreign Direct Investment from India: Tata Group in the Period 2000–2010

In: Successes and Challenges of Emerging Economy Multinationals

Author

Listed:
  • Laura Rienda
  • Enrique Claver
  • Diego Quer

Abstract

India is a large economy and strategically important democratic country with a fast-growing service sector and noteworthy industrial capabilities. It is the second most populous country in the world and is one of the major economic powerhouses of Asia. Despite the global economic slump, India’s gross domestic product (GDP) grew 6.9 per cent in the period 2010–2011, making India one of the countries with the highest economic growth worldwide. Furthermore, the economic viability of India is illustrated by the growing importance of India’s significance and share in the global economy. The inward foreign direct investment (FDI) in India increased almost fourfold from US$7,622 million in 2005 to US$26,640 million in 2010. Meanwhile, outward FDI (OFDI) by Indian firms has grown considerably, thanks to the liberalization of the policy regime and the greater access to financial markets. Although outward FDI from India amounted to US$2,985 million in 2005, it increased more than four times to US$14,626 million in 2010 (UNCTAD, 2011). Between 2000 and 2009, Indian firms finalized 812 deals overseas, some of which were valued at more than US$1,000 million (UNCTAD, 2010). The overseas investments by Indian firms have been principally driven by resource-see king, market-seeking or technology-seeking motives.

Suggested Citation

  • Laura Rienda & Enrique Claver & Diego Quer, 2014. "Outward Foreign Direct Investment from India: Tata Group in the Period 2000–2010," Palgrave Macmillan Books, in: Marin Alexandrov Marinov & Svetla Trifonova Marinova (ed.), Successes and Challenges of Emerging Economy Multinationals, chapter 5, pages 103-127, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36941-3_5
    DOI: 10.1057/9781137369413_5
    as

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