@skyline
here is small peak in the indian economy for u hope u'll get my point
'India is world No. 21 in outward FDI'
India has emerged as the world's 21st largest outward investor, with an investment of over USD 75 billion across the world over the past decade, a Columbia University report has said.
"India is now the world's 21st largest outward investor, which is significant given its historically minuscule foreign direct investment (FDI) outflows," said the Vale Columbia Center on Sustainable International Investment in its report released on Outward FDI from India.
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Annual FDI outflows have jumped fifty-fold after 2000, and Indian firms have invested over USD 75 billion overseas in the past decade, in some cases to attain global status by acquiring world-leading firms," the report said.
Substantial improvements in the country's economic performance and the competitiveness of its firms and their strategy, resulting from ongoing liberalisation in economic and outward FDI (OFDI) policies, made these developments possible, it said.
Indian firms now invest across a wide variety of sectors and countries, departing from their historical focus on trading and textile investments in developing countries.
Following the 25 per cent crisis-induced drop in Indian OFDI in 2009, Indian firms are once again increasing their overseas investment, including through mergers and acquisitions (M&As), the report said.
"India¿s OFDI should continue its rapid upward trend over the next few years, as more companies seek to transfer their products and service innovations to new markets, and acquire strategic international know-how and market shares, particularly in crisis-hit developed economies," it said.
Another report by the Columbia university released yesterday said that India is now the world's 13th largest FDI host country.
'India is world No. 21 in outward FDI' - Indian Express Mobile
