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Indian FDI falls in global economic crisis: Indian multinationals tread cautiously

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  • Prakash, Jaya

Abstract

After growing faster than other emerging markets for some time, Indian investment abroad declined in 2008 and will decline further in 2009. The global slowdown has made a difference, as have the credit crunch and a depreciating Indian currency. The stronger than expected domestic GDP growth in the first quarter of 2009 is a positive sign in this context, as is the fact that not every Indian firm with foreign interests is cash-poor.

Suggested Citation

  • Prakash, Jaya, 2009. "Indian FDI falls in global economic crisis: Indian multinationals tread cautiously," Columbia FDI Perspectives 11, Columbia University, Columbia Center on Sustainable Investment (CCSI).
    • Handle: RePEc:zbw:colfdi:11
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    File URL: https://www.econstor.eu/bitstream/10419/253845/1/fdi-perspectives-no011.pdf
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