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The Emergence of Indian Multinationals: An Empirical Study of Motives, Current Status, and Trends of Indian Investment in Germany

In: The Rise of Indian Multinationals

Author

Listed:
  • Rajnish Tiwari

    (Hamburg University of Technology (TUHH))

  • Cornelius Herstatt

    (Hamburg University of Technology (TUHH))

Abstract

India, of late, has emerged as a major source of foreign direct investment (FDI). A recent study by IBM Global Business Services ranked India sixth worldwide in terms of overseas jobs creation in 2007 and 2008, ahead of China (IBM 2009a). Within a span of just eight years, from 2000 to 2008, India’s outward FDI (OFDI) stock has grown over 33-fold, from about US$1.9 billion to US$61.8 billion (United Nations Conference on Trade and Development 2009b). The Reserve Bank of India registered further outflows of US$10.6 billion in the first nine months of 2009 (Reserve Bank of India 2009, 2010). This growth is even more remarkable when contrasted with the meager US$124 million of OFDI stock that India held in 1990 (United Nations Conference on Trade and Development 2009a).

Suggested Citation

  • Rajnish Tiwari & Cornelius Herstatt, 2010. "The Emergence of Indian Multinationals: An Empirical Study of Motives, Current Status, and Trends of Indian Investment in Germany," Palgrave Macmillan Books, in: Karl P. Sauvant & Jaya Prakash Pradhan & Ayesha Chatterjee & Brian Harley (ed.), The Rise of Indian Multinationals, chapter 8, pages 233-253, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11475-3_8
    DOI: 10.1057/9780230114753_8
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    Citations

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    Cited by:

    1. Khanindra Ch. Das & Nilanjan Banik, 2015. "Outbound Foreign Direct Investment from China and India," China Report, , vol. 51(3), pages 204-229, August.
    2. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "India - a lead market for frugal innovations? Extending the lead market theory to emerging economies," Working Papers 67, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    3. Tiwari, Rajnish, 2017. "Propositions for a high-quality, affordable and sustainable Food Basket : scope of cooperation between India & Germany in areas relating to food processing industry," EconStor Research Reports 157662, ZBW - Leibniz Information Centre for Economics.
    4. Tiwari, Rajnish & Kalogerakis, Katharina, 2017. "Innovation pathways and trajectories in India's auto component industry," Working Papers 98, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    5. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "Frugal innovations for the 'unserved' customer: An assessment of India's attractiveness as a lead Market for cost-effective products," Working Papers 69, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    6. Tiwari, Rajnish & Herstatt, Cornelius, 2011. "Role of "Lead Market" factors in globalization of innovation: Emerging evidence from India & its implications," Working Papers 64, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    7. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "Open global innovation networks as enablers of frugal innovation: propositions based on evidence from India," Working Papers 72, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.

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