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By Sandeep Kapur


Private foreign capital, whose presence in Indian industry was long regarded with concern and suspicion, is now touted as a panacea for India’s economic problems. This paper compares the relative performance of domestic and foreign-controlled firms in India, and evaluates the contribution of foreign investment over the last five decades. We assess the impact of government policy towards foreign capital, and outline policy implications for the future

Topics: India, foreign direct investment, MNCs, reform
Year: 1999
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