Indian Integration with the World Economy: Important Role of M&A and Corporate Restructuring
University of Akron - Department of Finance
March 10, 2010
As the size and importance of its economy increases, India is becoming more integrated with the world economy. The process of deregulation and the economic reforms started in the early 1990s seems irreversible and continues to accelerate. In recent decades, transactions costs in India have been declining especially as India deregulates its business environment. Consequently, Indian businesses are moving away from being widely diversified and vertically integrated business groups to more focused, efficient, and often larger firms. In addition to the resulting corporate re-structuring and increased domestic M&A, many Indian firms are investing overseas and becoming nascent multinationals. These changes mean that the global integration of the Indian economy will continue to increase.
Keywords: India, Transactions Costs, Mergers and Acquisition,
JEL Classification: G20working papers series
Date posted: March 12, 2010
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo2 in 0.359 seconds