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The contributors explore the rapid growth of Indian multinationals and provide valuable insights into the patterns and trends of their outward investments and the factors that led to their emergence in the global FDI market. They also look at their continuously evolving strategies in the global economy.

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Preface Foreword Introduction: The Rise of Indian Multinational Enterprises; J.Prakash Pradhan & K.P.Sauvant In Search of the ´Indianness´ of Indian Multinational Enterprises; M.W.Hansen Political Factors Behind the Rise of Indian Multinational Enterprises; J.Dige Pedersen When a Great Industry Globalizes: Indian Conglomerates Pioneering New Trends in Industrial Globalization; J.Ruet Indian Multinational Enterprises in the Automotive and Pharmaceutical Industries; G.Balcet & S.Bruschieri Outward Investment by Indian Pharmaceutical and Software Multinational Enterprises; V.Kathuria Indian Companies Investing in the United States; N.Dasgupta The Emergence of Indian Multinational Enterprises: an Empirical Study of the Motives, Current Status, and Trends of Indian Investment in Germany; R.Tiwari & C.Herstatt The Surge in Indian Outbound Foreign Direct Investment to Africa; P.Pal

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"Nine papers analyze the rise of Indian outward foreign direct investment (OFDI)." - Journal of Economic Literature

"India is growing a set of world class multinationals. These range from Tata´s ownership of Jaguar to nimble entrepreneurial firms in high tech and knowledge based businesses. This book is an eye opener to those who still think that globalization is driven solely by Western multinationals: in fact emerging economies like India are now full partners in world economic development." - Alan M Rugman, Henley Business School, University of Reading

"This remarkable collections essays by some of the sharpest analysts in the field sheds new light on the emergence of Indian multinational enterprises, a phenomenon of growing relevance for both global business and international political economy." - Mr. AndreaGoldstein, Deputy Director, Heiligendamm L´Aquila Process Support Unit, OECD, France.

"The Rise of Indian Multinationals provides a sharp analysis of trend and issues pertaining to Indian MNEs. The contributors explore the rapid growth of Indian MNEs and provide different perspectives in terms of patterns and factors that led to their increasing presence in global economy. Some of the chapters throw light on the some of the interesting issues that have come up pertaining to the surge in outward FDI from India particularly during 2000s." - Reserve Bank of India Occasional Papers

"These two edited volumes (Foreign Direct Investments from Emerging Markets and The Rise of Indian Multinationals) represent a timely addition to the growing collection of books on emerging market Multinational Companies (EMNEs). The two volumes add to this literature in several important ways. Perhaps most noteworthy of which is by explicitly tackling what is probably the major challenge in discussion of EMNEs, namely what is different about them theoretically. Several contributors these volumes address this question head on." - Journal of International Business

"Overall, this is a marvellous book that succinctly connects the evidence with the arguments to demonstrate the huge leap in Indian OFDI, as well as, provides concrete evidence of a shift in the focus of Indian MNEs to technology-related activities since the 1990s." - Institutions and Economics

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