Indian Multinationals in the World Economy: Implications for Development
About this ebook
active in the world economy since early 1960s. However, their number and scale
of operation have grown significantly in the last fifteen years or so. In the
face of increasing global competition unleashed by extensive liberalization
measures, Indian firms have adopted the strategy of outward foreign direct
investment (OFDI) as an integral part of their business strategies. By undertaking
greenfield OFDI
and brownfield OFDI for acquiring foreign companies, Indian firms are enhancing
their potential for growth and global competitiveness. Consequently India has
emerged as a major developing source country of FDI and Indian multinationals
are likely to affect world development in several ways.
The book analyses the phenomenon
of Indian multinationals from both macro level factors and firm-level corporate
strategies and examines its implications for India and host countries. A
detailed investigation of Indian overseas investment flows and stocks from
sectoral, regional, ownership and motivational perspectives provides a rigorous
long-run coverage of Indian multinational firms from 1970s onwards. The role of
innovation, entrepreneurial skills, scale of business, productivity, and the role
of government policies, received critical attention in explaining the emergence
of Indian multinationals. The comprehensive quantitative and case studies approach
offers valuable insights into the behaviour and impacts of these new global
actors on home and host countries.
This book offers a number of
lessons to home country, host countries, and Indian enterprises becoming
multinationals. With the growing global interest from policy makers, business
practitioners, researchers, and students in Indian multinationals, this book
would serve as an important and timely reading for all of them.
About the author
Dr. Jaya Prakash Pradhan is an Associate Professor in the Centre for Studies in Economics & Planning, School of Social Sciences, Central University of Gujarat. He received the M.A. (1999) degree in economics from University of Hyderabad and both the M.Phil. (2001) and Ph.D. (2005) degrees from Jawaharlal Nehru University, New Delhi.
Dr. Pradhan has a long experience of researching in the areas of internationalization of Indian firms and industries, foreign direct investment, research & development, and trade. Previously, he has served on faculties of leading academic institutions in India including the Central University of Karnataka (Gulbarga), Sardar Patel Institute of Economic & Social Research (Ahmedabad), Institute for Studies in Industrial Development (New Delhi), Gujarat Institute of Development Research (Ahmadabad), and worked as a consultant to the Research and Information System for Developing Countries (New Delhi). He has been involved in research studies for the United Nations Conference on Trade and Development (UNCTAD), Geneva; the Department of Scientific and Industrial Research under the Ministry of Science and Technology (Government of India); and the Indian Council for Social Science Research under the Ministry of Human Resource Development (Government of India).
He is the authour of Indian Multinationals in the World Economy: Implications for Development (Bookwell Publisher, New Delhi, 2008); co-editor of The Rise of Indian Multinationals: Perspectives on Indian Outward Foreign Direct Investment (Palgrave Macmillan, New York, 2010) and Industrialization, Economic Reforms and Regional Development: Essays in Honour of Professor Ashok Mathur (Shipra Publication, New Delhi, 2005); and co-authour of Transnationalization of Indian Pharmaceutical SMEs, (Bookwell Publisher, New Delhi, 2008).
He has guest edited the special issue of Transnational Corporations Review on ‘FDI and Development in India’ (2011), guest co-edited the special issue of Economics, Management, & Financial Markets on ‘Rise of Emerging Economies’ (2011), and the special issue of International Journal of Emerging Markets on ‘Emerging Multinationals: Home and Host Country Determinants and Outcomes’ (2010).
Published over forty-five research papers including peer reviewed international journals like Innovation & Development, Science, Technology & Society, Oxford Development Studies, Transnational Corporations, International Journal of Institutions & Economies, Economia e Politica Industriale, Organizations & Markets in Emerging Economies, Transnational Corporations Review, International Journal of Technology & Globalisation, Harvard Asia Quarterly, Revista Economía: Teoría y Práctica, Journal of Asian Business, Singapore Economic Review, Journal of International Commerce, Economics & Policy, Eurasian Journal of Business & Economics and South Asia Economic Journal. His current research focuses on issues concerning regional developments in India and internationalization of India’s knowledge-based industries. His teaching interests include international business, industrial economics, microeconomics, and econometrics.
