Story link: http://www.goodnewsindia.com/index.php/sieve/article/brand-indias-growing-overseas-investments
Even as a growing section is complaining about globalisation, Indian entrepreneurs are taking to globalisation with effortless ease. PTI in a report today says that this year, FDI [Foreign Direct Investment] flows out of India will exceed inflows. Tata’s Corus acquisition alone is $8 billion out of the total outflow of $10 billion this year. The trend of Indians acquiring overseas companies in telecom, auto, pharma and IT sectors is strengthening. But economists say India with its foreign exchange reserves of $165 billion has no cause for worry.
It used to be many columnist’s staple to periodically contrast China’s higher FDI inflows with India’s. Maybe Indian entrepreneurs are playing a game in bigger league.