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Trends in Foreign Direct Investment from India (1950-1982)
Economic and Political Weekly
Vol. 22, No. 45 (Nov. 7, 1987), pp. 1909-1918
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4377702
Page Count: 10
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Foreign direct investment from India is not a marginal phenomenon. It is quite sizeable relative to foreign direct investment into India and private corporate investment in India. It is also quite comparable with the magnitudes of foreign direct investment of the newly industrialising countries and some small developed capitalist countries. Foreign direct investment from India has grown steadily since the mid-sixties. However, there has been a distinct slackening of the rate of growth since 1979-81. The author is of the view that transnationalisation of the Indian private corporate sector is not too insubstantial. The Indian capitalist class has 'come of age' and is undertaking industrial ventures abroad in its drive towards capital accumulation. [This paper is being published in two parts. The concluding part will appear next week.]
Economic and Political Weekly © 1987 Economic and Political Weekly