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Indian Business Ventures Abroad

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dc.contributor.author Srivastava, Ritu
dc.contributor.author Krishna Kumar
dc.date.accessioned 2016-05-31T10:48:16Z
dc.date.available 2016-05-31T10:48:16Z
dc.date.issued 2001
dc.identifier.uri http://hdl.handle.net/2259/790
dc.description 1 Research Assistant Indian Institute of Management, Lucknow (India) 2 Indian Institute of Management, Lucknow (India) en_US
dc.description.abstract India started opening its economy a decade ago to integrate with global economy. Several economic reforms have been undertaken during this period with the hope that India will soon merge as a global player. There is a need to review the developments and take necessary corrective action. It is necessary because globalisation and integration with the world economy is a double-edged sword. If necessary care is not taken the country may become only a global market rather than emerging as a global player. This paper examines the patterns of India Business Ventures Abroad, both in the form of subsidiaries and joint ventures over a period of 50 years since independence. The analysis reveals that there has been a significant increase in the activity. The ventures, however, have been concentrated to only a few, about a dozen, countries. The study also shows that there is a noticeable preference towards subsidiary mode of operation. Further, there are country-wise patterns of preferences towards use of joint ventures and subsidiary modes. The study also reveals that there is a significant shift in the mix of activities, tilting from high risk manufacturing to low risk trading and software development. It is also observed that there is a wide gap between the number of ventures approved and actually implemented. A comparison has also been drawn between Indian Business Ventures Abroad and the Foreign Business Ventures in India during the pre and the post-liberalisation era. This is complemented with the patterns of export/ import ratio in the respective periods. The two together indicate that the reforms in economic policies undertaken so far seem to be leading to India fast becoming a global market rather than emerging as a global player. The paper then suggests that there is a need for intensive studies for developing policy and strategic interventions to strengthen India’s business ventures abroad and to help India emerge as a global player. en_US
dc.language.iso en en_US
dc.publisher Indian Institute of Management Kozhikode en_US
dc.relation.ispartofseries ;IIM/WPS/2001
dc.subject International Business en_US
dc.subject Globalization en_US
dc.subject Global Markets en_US
dc.title Indian Business Ventures Abroad en_US
dc.type Working Paper en_US

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