摘要：India happened to be among the top ten Outward Foreign Direct Investment sources in the period 2000-2007 and by 2008 India had become almost net outward Foreign Direct Investor country Chandrawanshi and Banerji (2014); Indian Outward Foreign Direct Investment has been a natural extension of their core competence developed over the decades. These core competencies were developed with increment growth in efficiencies and also a result of globalisation because of which Indian firms were exposed to global competition. Indian MNCs post liberalisation (1991) changed the course of business and turned to strategy of inorganic growth along with organic growth strategy, the former encouraged them to go outside geographical boundaries to seek new markets, technical know-how and strategic assets. A major change of shift of OFDI from manufacturing to services was observed during 2000, and Information Technology & Information Technology Enabled Services sector emerged as a sector with largest OFDI through Mergers and Acquisitions (M&As) activity.
