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

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  • Pradhan, Jaya Prakash

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.

Suggested Citation

  • Pradhan, Jaya Prakash, 2007. "Growth of Indian Multinationals in the World Economy: Implications for Development," MPRA Paper 12360, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12360
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    References listed on IDEAS

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    1. Blomstrom, Magnus & Fors, Gunnar & Lipsey, Robert E, 1997. "Foreign Direct Investment and Employment: Home Country Experience in the United States and Sweden," Economic Journal, Royal Economic Society, vol. 107(445), pages 1787-1797, November.
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    8. Pradhan, Jaya Prakash & Abraham, Vinoj, 2004. "Overseas Mergers and Acquisitions by Indian Enterprises: Patterns and Motivations," MPRA Paper 17076, University Library of Munich, Germany.
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    12. Mihir A. Desai & C. Fritz Foley & James R. Hines Jr., 2005. "Foreign Direct Investment and the Domestic Capital Stock," American Economic Review, American Economic Association, vol. 95(2), pages 33-38, May.
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    14. Jaya Prakash Pradhan & Abhinav Alakshendra, "undated". "Overseas Acquisition Versus Greenfield Foreign Investment: Which Internationalization Strategy is better for Indian Pharmaceutical Enterprises?," Working Papers 0607, Institute for Studies in Industrial Development (ISID).
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    Cited by:

    1. Pradhan, Jaya Prakash, 2011. "Regional heterogeneity and firms’ innovation: the role of regional factors in industrial R&D in India," MPRA Paper 28096, University Library of Munich, Germany.
    2. Saikia, Dilip, 2009. "Outward Foreign Direct Investment from India," MPRA Paper 29079, University Library of Munich, Germany.
    3. Pradhan, Jaya Prakash, 2009. "Emerging Multinationals from India and China: Origin, Impetus and Growth," MPRA Paper 18210, University Library of Munich, Germany.
    4. Pradhan, Jaya Prakash, 2007. "How Do Indian Multinationals Affect Exports from Home Country?," MPRA Paper 19022, University Library of Munich, Germany.
    5. Pradhan, Jaya Prakash, 2007. "National Innovation System and the Emergence of Indian Information and Software Technology Multinationals," MPRA Paper 12359, University Library of Munich, Germany.
    6. Pradhan, Jaya Prakash & Das, Keshab, 2012. "Exports by Indian Manufacturing SMEs: Regional Patterns and Determinants," MPRA Paper 41804, University Library of Munich, Germany.
    7. Jaya Prakash Pradhan & Mohammad Zohair & Mallikarjun V. Alagawadi, 2013. "Regional Policies, Firm Characteristics and Exporting in the Indian State of Karnataka," Foreign Trade Review, , vol. 48(1), pages 45-81, February.
    8. Thite, Mohan & Wilkinson, Adrian & Shah, Dhara, 2012. "Internationalization and HRM strategies across subsidiaries in multinational corporations from emerging economies—A conceptual framework," Journal of World Business, Elsevier, vol. 47(2), pages 251-258.
    9. Jaya Prakash Pradhan & Neelam Singh, 2009. "Outward FDI and Knowledge Flows: A Study of the Indian Automotive Sector," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 1(1), pages 156-187, June.
    10. Pradhan, Jaya Prakash & Zohair, Mohammad, 2014. "Subnational Export Performance and Determinants: Evidence from Two Indian States," MPRA Paper 60029, University Library of Munich, Germany.
    11. Pradhan, Jaya Prakash, 2007. "Trends and Patterns of Overseas Acquisitions by Indian Multinationals," MPRA Paper 12404, University Library of Munich, Germany.
    12. Pradhan, Jaya Prakash, 2008. "South-South Investment in Infrastructure: The Operation of Indian Firms in Developing Countries," MPRA Paper 12333, University Library of Munich, Germany.
    13. Varma, Sumati, 2008. "International venturing emerging paradigms - a study of the Indian IT industry," MPRA Paper 14028, University Library of Munich, Germany.
    14. Pradhan, Jaya Prakash, 2008. "India’s Emerging Multinationals in Developed Region," MPRA Paper 12361, University Library of Munich, Germany.
    15. 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.
    16. Tiwari, Rajnish & Herstatt, Cornelius, 2009. "The emergence of Indian multinationals: An empirical study of motives, status-quo and trends of Indian investments in Germany," Working Papers 56, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    17. Pradhan, Jaya Prakash, 2008. "Indian Direct Investment in Developing Countries: Emerging Trends and Development Impacts," MPRA Paper 12323, University Library of Munich, Germany.
    18. Fessehaie, Judith, 2012. "What determines the breadth and depth of Zambia's backward linkages to copper mining? The role of public policy and value chain dynamics," Resources Policy, Elsevier, vol. 37(4), pages 443-451.
    19. Thite, Mohan & Wilkinson, Adrian & Budhwar, Pawan & Mathews, John A., 2016. "Internationalization of emerging Indian multinationals: Linkage, leverage and learning (LLL) perspective," International Business Review, Elsevier, vol. 25(1), pages 435-443.
    20. Anwar, Amar Iqbal & Hasse, Rolf & Rabbi, Fazli, 2008. "Location Determinants of Indian Outward Foreign Direct Investment: How Multinationals Choose their Investment Destinations?," MPRA Paper 47397, University Library of Munich, Germany.
    21. Vudayagi Balasubramanyam & N Forsans, 2013. "Why do Indian firms go abroad?," Working Papers 33867210, Lancaster University Management School, Economics Department.
    22. Pradhan, Jaya Prakash & Singh, Neelam, 2010. "Group Affiliation and Location of Indian Firms’ Foreign Acquisitions," MPRA Paper 24018, University Library of Munich, Germany.

    More about this item

    Keywords

    Multinationals; Outward FDI;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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