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Indian FDI Falls in Global Economic Crisis

Jaya Prakash Pradhan ()

Transnational Corporations Review, 2009, vol. 1, issue 4, 1-11

Abstract: Just over a year ago, India's outward foreign direct investment (OFDI) seemed to be on a path of rapid and sustained growth. Its average annual growth of 98% between 2004 and 2007 was unprecedented, far ahead of that of other emerging markets like China (74%), Malaysia (70%), Russia (53%), and the Republic of Korea (51%), albeit from a much lower base. However, much of the recent growth in India's OFDI has been fuelled by large-scale overseas acquisitions, and it faltered when the global financial crisis that started in late 2007 made financing acquisitions harder.

Keywords: outward foreign direct investment; BRIC; financial crisis; India (search for similar items in EconPapers)
Date: 2009
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Handle: RePEc:oul:tncr09:v:1:y:2009:i:4:p:1-11