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Indian FDI falls in global economic crisis: Indian multinationals tread cautiously

Pradhan, Jaya Prakash

After growing faster than other emerging markets for some time, Indian investment abroad declined in 2008 and will decline further in 2009. The global slowdown has made a difference, as have the credit crunch and a depreciating Indian currency. The stronger than expected domestic GDP growth in the first quarter of 2009 is a positive sign in this context, as is the fact that not every Indian firm with foreign interests is cash-poor.

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Academic Units
Vale Columbia Center on Sustainable International Investment
Vale Columbia Center on Sustainable International Investment
Columbia FDI Perspectives, 11
Published Here
May 11, 2010
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