Internationalization of Indian Enterprises: Patterns, Determinants, and Policy Issues

    Research output: Contribution to journalArticle

    Abstract

    This paper examines the emerging patterns and economic implications of Indian overseas direct investment (ODI) from a historical perspective. The novelty of the analysis lies in its specific focus on the implications of the liberalization reforms initiated in the early 1990s and the resultant changes in the overall investment climate for the internationalisation of domestic companies. The findings cast doubts on the popular perception that the recent surge in ODI from India is an unmixed economic blessing, a sign of "coming of age" of Indian companies in global business. Given the remaining distortion in the domestic investment climate, the net national gains from these investments could be much less than what the reported absolute numbers suggest.
    Original languageEnglish
    Pages (from-to)142-166pp
    JournalAsian Economic Papers
    Volume16
    Issue number1
    DOIs
    Publication statusPublished - 2017

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