Indian FDI Falls in Global Economic Crisis
AbstractJust 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 InfoArticle provided by Ottawa United Learning Academy in its journal Transnational Corporations Review.
Volume (Year): 1 (2009)
Issue (Month): 4 (December)
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outward foreign direct investment; BRIC; financial crisis; India;
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- Pradhan, Jaya Prakash, 2009. "Emerging Multinationals from India and China: Origin, Impetus and Growth," MPRA Paper 18210, University Library of Munich, Germany.
- Multilateral Investment Guarantee Agency, 2009. "World Investment and Political Risk 2009," World Bank Publications, The World Bank, number 2688, July.
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