ABSTRACT
A look at these alternative estimates indicates that (a) the foreign share in sales or assets of larger private corporate sector ranged somewhere near 23 per cent in 1980-1 depending upon the coverage; (b) as also noted by Chandra (1977), their share in profits was much higher than in either sales or assets; (c) whichever sample and variable is used, the overtime trend suggests a decline in foreign shares over the period 1972-3 to 1980-1; and (d) foreign share in manufacturing is higher than in the overall industrial sector because of the concentration of FCEs in manufacturing.
