India in the International Production Network: The Role of Outward FDI

Das, Khanindra Ch.

doi:10.1007/978-981-10-5424-2_3

Cited by 1 publication

(2 citation statements)

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“…Pradhan (2007) and Thomas and Narayanan (2013) evidenced a complementary relationship between export intensity and outward investment in the case of Indian manufacturing industries. Particularly, studies by Beena (2018) and Das (2018) have mentioned that overseas investment plays a significant role to promote the firm's export intensity. Thus, outward FDI and export are complementary rather than a substitute.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Our study also supports the suggestion of Nayyar and Mukharjee (2020) that government can go for a proper policy framework that encourages the outward FDI of Indian companies‐ like the “Go Global” policy adopted by the Chinese economy in 1999. This could not only strengthen the Indian manufacturing sector but also play a key role to represent the economy in the international production network (Das, 2018).…”

Section: Policy Implicationmentioning

confidence: 99%

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Study of linkages between productivity, export, and outward foreign direct investment: An empirical perspective of Indian manufacturing industries

2021

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This study examines the nexus among productivity, export, and flow of outward FDI among 23 categories of two-digit Indian manufacturing industries during the period of 2008-2016. For the empirical purpose, this study employs a panel ARDL-PMG method for cointegration and VECM Granger causality tests. We segregate 23 manufacturing industries into high, medium, and low productive groups based on their productivity performance, which is estimated by Levinsohn-Petrin (2003) productivity procedure. We find that the long-run and short-run relationship among these three variables varies across three groups. Further, there is a long-run and strong causality exists among the three core variables in all three categories irrespective of their variance in productivity performances. Thus, there is a need for a comprehensive and unified industrial policy in line with trade and FDI as the choice variables are well-connected in the long-run.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Policy Implicationmentioning

confidence: 99%