Internationalization of Indian enterprises: patterns, determinants and policy issues

Prema-chandra Athukorala and C Veeramani

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

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 the 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.

Keywords: India; overseas direct investment; foreign direct investment; multinational enterprise (search for similar items in EconPapers)
JEL-codes: F21 F23 L23 O53 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2016
New Economics Papers: this item is included in nep-int
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Journal Article: Internationalization of Indian Enterprises: Patterns, Determinants, and Policy Issues (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:2016-04

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