Abstract
After the liberalization regime of 1991, the major policy changes undertaken regarding overseas investment, such as, industrial deregulation and trade liberalization, led to major changes in the Indian economy. This leads to increase competence in Indian investors to compete on a global level on a sustained basis. The paper intends to drag attention towards the composition of outward foreign direct investment (OFDI) from India. It also examines the competition for Indian overseas investment among different sectors. Indian overseas investment in manufacturing sectors is getting the utmost importance, followed by service sectors in different country groupings from 2008 to 2019, using the rank dominance index.
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