Cross-Border Acquisitions Are Powering Growth India Goes Global

Abstract

Indian companies enjoy substantial freedom to invest abroad even though there is no full convertibility of the rupee as yet. Indian businessmen too have, albeit more slowly than those in the West, chosen to invest abroad through acquisitions. The good news is that what started as a trickle in the 1990s, has been growing in size. Today outward fund flows from India almost match those coming in from abroad.