Foreign Investrnents in India: Role of Nonresident Indians

Vyuptakesh Sharan
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Vyuptakesh Sharan: Fawaharlal Nehru University, School of International Studies, centre for South Asian Studies, Postal: New Mehrauli Road, New Delhi 110067, India ,, http://www.jnu.ac.in/index.asp

Economia Internazionale / International Economics, 1993, vol. 46, issue 1, 53-66

Abstract: The non-resident Indians, meaning broadly the persons of Indian origin staying abroad, have played a significant role as a source of private foreign investments in India. Their investment began growing in the wake of the move of the Indian Government towards globalisation of the economy since the very dawn of 1980s. Despite some variations in different components, the overall investment turned large in the later years until India was hit hard by economic and political instability towards the dose of the decade. The announcement of the new economic policy in July 1991, which was a much bolder step towards liberalisation of the economy, failed to achieve substantial results, as investors perceived the investement climate would remain unstable. Nevertheless, the situation should improve with the positive outcome of the structural adjustment programmes that has already begun appearing.

Date: 1993
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