The Rise of Indian Multinationals

Multinational investment, since the beginning, has primarily been a phenomenon of the developed countries. Until about 2000, the geographical composition of multinational activityãwas highly concentrated in terms of both the recipient as well as the donor countries. However, with the turn of the century, developing countries started improving their shares both in inflows and in outflows of multinational investment.The book provides a comprehensive examination and analysis ofãmultinational investmentãfrom emerging Asian countries with emphasis on Indian multinationals, and derives policy implications with respect to home country measures for developing countries. Existing theories ofãmultinational investmentãare looked at, and the book manages to highlight what cannot be explained by the existing theories with respect toãmultinational investmentãfrom developing countries. It goes on to identify determinants ofãmultinational investmentãfrom Asian developing countries, and the author presents an analysis of Indian multinationals in order to bring out distinctive characteristics and strategies of Asian multinationals.