Direct Investment Exports and Emigration: The Experience of Modern India
https://doi.org/10.23932/2542-0240-2021-14-2-2
Abstract
The article uses the example of independent India to study the correlation of investment and migration flows to foreign countries. It is shown that Indian investment flows, whose origins date back to the first half of the 1960s, were particularly active outside, mainly in industrialized countries, after the economic reform of 1991. The main interests and activities of Indian TNCs and their methods of work abroad are demonstrated. The possibilities of foreign activities of Indian investors in the new conditions of the coronavirus pandemic were evaluated. The central directions of investment flows and Indian foreign migration (USA, England, West Asia, etc.) are fundamentally the same. Adaptation of Indian immigrants is more successful in the countries where the English language is spoken. The problem of possible Indian migration to Russia is highlighted as a separate topic. Its potential positive and negative consequences for the economy and politics of the Russian Federation are outlined.
Keywords
India,
foreign investment,
labor migration,
geography of foreign economic relations,
Indian migrants in Russia
Supporting agencies: The article is written under financial support of the Russian Science Foundation at MGIMO-University (project no 19-18-00251)
About the Author
A. G. Volodin
Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences
Russian Federation
Russian Federation
Andrey G. Volodin - DSc in History, Chief Researcher.
117997, Profsoyuznaya St., 23, Moscow
References
1. Calabrese J. (2020) India-Gulf Migration: A Testing Time. Middle East Institute, April 14, 2020. Available at: mei.edu/publications/india-gulf-migration-test-ing-time, accessed 01.02.2021.
2. Chaudhry D., Tomar P., Joshi P. (2018) Deconstructing Indian Overseas Foreign Direct Investments. Oxfam Discussion Papers. March. Available at: icrier.org/pdf/Deconstructing_Indian_Overseas_FDI.pdf, accessed 01.02.2021.
3. Cohen R. (2019) Migration. The Movement of Humankind from Prehistory to the Present, London: Andre Deutsch.
4. Cuervo-Cazurra A., Ramamurti R. (eds.) (2014) Understanding Multinationals from Emerging Markets, Cambridge: Cambridge University Press.
5. Khanna P (2019) The Future Is Asian. Global Order in the Twenty-First Century, London: Weidenfeld & Nicolson.
6. Kindleberger Ch.P (1996) World Economic Primacy, 1500-1990, New York, Oxford: Oxford University Press.
7. Sauvant K.P., Pradhan J.P (eds.) (2010) The Rise of Indian Multinationals. Perspectives on Indian Outward Foreign Direct Investment, New York, Basingstoke: Palgrave Macmillan.
8. Van Tulder R., Verbeke A., Carnei-ro J., Gonzalez-Perez M.-A. (eds.) (2017) The Challenge of BRIC Multinationals, Bingley, UK: Emerald Group.
9. Volodin A.G. (2010) “Growth plus Development” or Indian Experience of Economic Reforms. Mirovaya ekonomi-ka i mezhdunarodnye otnosheniya, no 10, pp. 91-98. Available at: https://arxiv.ga-ugn.ru/s0131-22270000616-2-1-ru-397/?reader=Y, accessed 01.02.2021 (in Russian).
10. Volodin A.G. (2018) The Logic of Directed Development in Postcolonial India. Herald of the Russian Academy of Sciences, no 1, pp. 79-87. Available at: https://elibrary.ru/download/elib-rary_32205936_69508492.pdf, accessed 01.02.2021 (in Russian).
Review
For citations:
Volodin A.G. Direct Investment Exports and Emigration: The Experience of Modern India. Outlines of global transformations: politics, economics, law. 2021;14(2):28-47. (In Russ.) https://doi.org/10.23932/2542-0240-2021-14-2-2
Views:
980
Email this article 