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Emerging pattern of India's outward foreign direct investment under influence of state policy: A macro view

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  • Singh, Lakhwinder
  • Jain, Varinder

Abstract

Emerging growth dynamism of Indian economy in rapidly globalising world is highly recognised and commented by a large body of researchers during the recent period. In fact, the Indian planning has made long concerted effort to develop strategic and competitive capabilities in the agents of production. During the recent periods, these capabilities have started paying. Such trends became more lucid with the strengthening of Indian capital especially abroad as the Indian capital has initiated collaborations and mergers with the global players. This study provides insights into such achievement of the Indian economy. Besides providing a review of theory and practice of emerging multinationals from developing countries, this paper examines India’s outward foreign direct investment in an evolutionary perspective. In its endeavor, the study besides tracing the emerging pattern of India’s outward foreign direct investment, hints at the facilitating role of state policy to encourage the outflow of foreign direct investment.

Suggested Citation

  • Singh, Lakhwinder & Jain, Varinder, 2009. "Emerging pattern of India's outward foreign direct investment under influence of state policy: A macro view," MPRA Paper 13439, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13439
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    References listed on IDEAS

    as
    1. Kumar, Nagesh, 1995. "Industrialization, Liberalization and Two Way Flows of Foreign Direct Investment: The Case of India," UNU-INTECH Discussion Paper Series 1995-04, United Nations University - INTECH.
    2. Dunning, John H., 2000. "The eclectic paradigm as an envelope for economic and business theories of MNE activity," International Business Review, Elsevier, vol. 9(2), pages 163-190, April.
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    Cited by:

    1. Valeria Gattai, 2013. "The dragon and the elephant on the way to Italy," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2013(4), pages 63-87.
    2. Wladimir Andreff, 2014. "Outward foreign direct investment by Brazilian and Indian multinational companies: comparison with Russian-Chinese multinationals," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01279896, HAL.
    3. Chaisse, Julien & Chakraborty, Debashis & Mukherjee, Jaydeep, 2010. "Managing India's Foreign Exchange Reserve: A preliminary exploration of issues and options," MPRA Paper 22873, University Library of Munich, Germany.
    4. Wladimir Andreff, 2014. "Outward foreign direct investment by Brazilian and Indian multinational companies: comparison with Russian-Chinese multinationals," Post-Print halshs-01279896, HAL.
    5. Sabrina Islam & M. Yunus Ali & Manjit Singh Sandhu, 2011. "Partner selection criteria in international joint ventures: perspectives of foreign investors from Asian NIEs of Malaysia and India," Asia Pacific Business Review, Taylor & Francis Journals, vol. 17(1), pages 25-43, January.

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    More about this item

    Keywords

    Outward foreign direct investment; pattern of Indian investment abroad; Public policy;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy

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