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Indian FDI Falls in Global Economic Crisis

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Author Info

  • Jaya Prakash Pradhan

    ()
    (Sardar Patel Institute of Economic and Social Research in India)

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.

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Bibliographic Info

Article provided by Ottawa United Learning Academy in its journal Transnational Corporations Review.

Volume (Year): 1 (2009)
Issue (Month): 4 (December)
Pages: 1-11

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Handle: RePEc:oul:tncr09:v:1:y:2009:i:4:p:1-11

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Keywords: outward foreign direct investment; BRIC; financial crisis; India;

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Cited by:
  1. Pradhan, Jaya Prakash, 2009. "Emerging Multinationals from India and China: Origin, Impetus and Growth," MPRA Paper 18210, University Library of Munich, Germany.
  2. Multilateral Investment Guarantee Agency, 2009. "World Investment and Political Risk 2009," World Bank Publications, The World Bank, number 2688, July.

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