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India Means BusinessHow the Elephant Earned its Stripes$
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Kshama Kaushik and Kaushik Dutta

Print publication date: 2012

Print ISBN-13: 9780198072614

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198072614.001.0001

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Influence of Global Business on India

Influence of Global Business on India

(p.107) 5 Influence of Global Business on India
India Means Business

Kshama V. Kaushik

Kaushik Dutta

Oxford University Press

This chapter investigates how global business has influenced the operation of Indian businesses. It discusses the operation of national companies in British India and describes the receptive phase of foreign investment from 1948–67, the restrictive phase from 1968–79, and the liberalization phase from the 1990s onwards. This chapter highlights the trend for Indian companies to acquire foreign companies rather than merely entering into a technical collaboration, and suggests that increased overseas acquisitions can be considered as a response mechanism of Indian firms to forces unleashed by trade liberalization and lifting of most restrictions in the Indian economy. It also provides case studies of ITC Limited, ICI India Limited, HCL Group, Motherson Sumi Systems Limited, and Ranbaxy Laboratories Limited.

Keywords:   global business, Indian businesses, national companies, foreign investment, trade liberalization, Indian economy, case studies

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