Growth of Indian Multinationals in the World Economy: Implications for Development

Pradhan, Jaya Prakash

doi:10.2139/ssrn.1515650

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Growth of Indian Multinationals in the World Economy: Implications for Development

ISID Working Paper No. 2007/04

64 Pages Posted: 30 Nov 2009

See all articles by Jaya Prakash Pradhan

Jaya Prakash Pradhan

Sardar Patel Institute of Economic & Social Research; Central University of Gujarat

Date Written: March 2007

Abstract

The importance of Indian multinationals in the world economy has been growing significantly since 1990s. An increasing number of Indian firms across wide range of sectors are undertaking large overseas projects and their focus is gradually shifting towards developed countries. Until then, OFDI from India was confined to a small number of family-owned firms primarily investing in developing countries through joint-ownership arrangement. These changing natures of Indian OFDI are likely to have a number of implications for the development of both host and home country. This study had explored some of these issues relating to the growth of Indian multinationals.

Keywords: Indian Multinationals, Indian Outward FDI

JEL Classification: F14, F23

Suggested Citation: Suggested Citation

Pradhan, Jaya Prakash and Pradhan, Jaya Prakash, Growth of Indian Multinationals in the World Economy: Implications for Development (March 2007). ISID Working Paper No. 2007/04, Available at SSRN: https://ssrn.com/abstract=1515650 or http://dx.doi.org/10.2139/ssrn.1515650