000			01699nam a2200193Ia 4500
999			_c48359 _d48359
005			20220515170549.0
008			200204s9999 xx 000 0 und d
020			_a8170950511
082			_a332.673 PAN
100			_aPant, Manoj
245		0	_aForeign direct investment in India : issues involved
260			_aNew Delhi
260			_bLancers Books
260			_c1995
300			_a152 p.
520			_aWith declining Official Development Assistance (ODA) over the last two decades or so, the author argues that now developing countries will be fighting over a smaller cake. Thus the demand for Foreign Direct Investment (FDI) is likely to be highly competitive. Hence it is necessary to view the FDI policies of India's neighbours from this point of view. The first three chapters, consequently, are devoted to the theories of FDI and the policies of China, Malaysia, Thailand and Singapore. The evolution of India's policy over the last four decades indicates that while these countries have maintained continuity of policy, the Indian policy is noteworthy for its discontinuity particularly before 1991. The author also conducts a comparison of domestic and foreign firms in India using recent balance sheet data. The analysis indicates that foreign firms are less capital intensive, less import intensive and have higher effective tax rates than their domestic counterparts. The study also reveals very little difference in profitability and indicates that export propensities have been low for both sets of firms. It is then argued that the over emphasis on export oriented FDI may be ill advised and counter productive.
650			_a"Investment , foreign-India"
942			_cB _2ddc