Location Determinants of Indian OFDI: Insights from Panel Data Analysis
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Author: Satinder Singh and Sandeep Kaur
Author Address: Research Associate, ZTM and BPD Unit, Indian Agriculture Research Institute (IARI), New Delhi-110012 (Delhi) and Associate Professor, Department of Economic Studies, Central University of Punjab, Bathinda- 151401 (Punjab)
Keywords: GDP, globalization, investment, trade.
JEL Codes: F10, F19, F60, P45
Abstract
The present study attempted to analyze the determinants affecting Indian Outward Foreign Direct Investment (OFDI) during the second generation of globalization. The results showed that economic factors like trade openness and natural resource trade of the host country were highly significant variables for Indian OFDI. The case of non-economic factors such as political stability and non-violence remained significant variables for Indian investment, but the regulatory quality was not noteworthy. The study suggested that to expand the growth of OFDI, and the government could search for other suitable markets that were less capital-intensive or used underdeveloped technology. So, India has an alternative to improve its trade relations with African and Asian markets.
Description
Indian Journal of Economics and Development
Volume 19 No. 1, 2023, 157-164
DOI: https://doi.org/10.35716/IJED/22251
NAAS Score: 5.15 (2023)
Indexed in SCOPUS and ESCI (Clarivate Analytics)
Journal Citation Indicator: 0.04 (WoS)
UGC Approved