Abstract
This paper provides an overview of the changing patterns of Outward Foreign Direct Investment (OFDI) from India over 1975?2001. It shows that the increasing number of Indian Transnational Corporations (ITNCs) during 1990s has been accompanied by a number of changes in the character of such investment which, notably include overwhelming tendency of Indian outward investors to have full or majority ownership, expansion into new industries and service sector, and the emergence of developed country as an important host region for trans-border activity. The competitive advantages of Indian OFDI are now being increasingly driven by technological and skill activities.
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