From Rediff:
t is astonishing, and entirely unpredicted, that India's outbound investment should begin to rival inbound FDI. The numbers quoted in a full-page report by the Financial Times earlier this week say that outbound investments from India in nine months this calendar year total $7.2 billion, up from $4.5 billion in all of last year, which was treble the amount in the year before.
If the Tata acquisition of Corus happens, we may see the total exceed $10 billion this year - which would give competition to inbound FDI, estimated at $12 billion in 2006! Dealogic has counted 112 foreign acquisitions this year - which makes it about three deals every week. Are our companies on steroids?
t is astonishing, and entirely unpredicted, that India's outbound investment should begin to rival inbound FDI. The numbers quoted in a full-page report by the Financial Times earlier this week say that outbound investments from India in nine months this calendar year total $7.2 billion, up from $4.5 billion in all of last year, which was treble the amount in the year before.
If the Tata acquisition of Corus happens, we may see the total exceed $10 billion this year - which would give competition to inbound FDI, estimated at $12 billion in 2006! Dealogic has counted 112 foreign acquisitions this year - which makes it about three deals every week. Are our companies on steroids?
posted by aK at 10:16 AM
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