ISAS Working Papers

While India has become an attractive destination for foreign capital, the country is also becoming a significant source of outflows. Many Indian enterprises view outward investments as an important dimension of their corporate strategies. The paper presents some data on the magnitude and composition of Indian outward foreign direct investment (FDI). It will also discuss the rationale for and the empirical determinants of overseas acquisitions by Indian companies. It will conclude with a broader discussion of the impact of the global rise of Indian companies on the Indian economy.