Exploring a very important and timely topic, India's Emerging Multinationals examines the rise of Indian multinationals in the context of India's growing prominence as a source of outward investment.
Written by a well-respected authority in this field, this book sets out the emerging trends and patterns in outward investments from India, characterizing the nature and sources of ownership advantages of Indian enterprises that have led to their expanding outward presence. It discusses the enterprise development policies followed by the Indian authorities that facilitated the accumulation of capabilities and ownership advantages.
The analysis is supported with quantitative data from over 4000 enterprises, and detailed case studies from key industries, including pharmaceuticals, IT and automobiles, highlight the emerging multinational corporations and trace the contours of their rise to global prominence. In addition, Kumar draws together the policy lessons that can be learnt from the Indian experience by other developing countries. This remarkable book gives a thorough analysis of the emerging profile of Indian multinational investment, a phenomenon of growing importance in contemporary economic affairs.
Research and Information System for Developing Countries, New Delhi, India
1. Introduction 2. Trends and Patterns in Outward Investments from India 3. Advantage India: Characterising Ownership Advantages of Indian Enterprises 4. Role of Government: Policies that Shaped Evolution of India Inc 5. An Empirical Analysis of Determinants of Outward FDI from India 6. Indian Pharmaceuticals Companies: Mastering Cost-Effective Generics 7. IT Software Enterprises: Sustaining the Global Information Revolution 8. Automobiles: Product Development and Production Capabilities 9. Other Industries 10. Conclusions