ABSTRACT

The internationalization process in India has undergone a considerable shift since the onset of the 1990s. Whereas previously India was a destination for the technologies and brands of foreign firms acquired primarily through licensing and technology transfer arrangements, since the mid-1990s, India’s participation in the global economy has transitioned to one in which it has become a more important recipient of foreign direct investment (FDI) as analyzed by Chaisse, Chakraborty and Guha (this book, Chapter 10). It has become simultaneously a more active participant in investing in overseas markets (Mavlonov 2007; Pradhan 2008).