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).
The authors are grateful to Jaya Prakash Pradhan of the Institute for Studies in Industrial Development, New Delhi, for providing historical data on Indian FDI flows to Germany. Thanks are also due to Jayachandran K. Mani who provided valuable organizational and research assistance for this project.
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© 2010 Karl P. Sauvant and Jaya Prakash Pradhan, with Ayesha Chatterjee and Brian Harley
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Tiwari, R., Herstatt, C. (2010). The Emergence of Indian Multinationals: An Empirical Study of Motives, Current Status, and Trends of Indian Investment in Germany. In: Sauvant, K.P., Pradhan, J.P., Chatterjee, A., Harley, B. (eds) The Rise of Indian Multinationals. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230114753_8
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