search query: @author Thomas, T. / total: 3
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| Author: | Thomas, T. |
| Title: | Change in climate for foreign investment in India |
| Journal: | Columbia Journal of World Business
1994 : SPRING, VOL. 29:1, p. 32-40 |
| Index terms: | INDIA FOREIGN INVESTMENT CHANGE |
| Language: | eng |
| Abstract: | In 1991, India's Socialist economy hit its nadir. The pressures of the Gulf War had prompted a run on Indian foreign exchange reserves and forced Indian to seek loans from the IMF and World Bank to bail out the economy. Since then, economic and structural reforms have strengthened India and made it more attractive to foreign investment. The convertability of the rupee, higher thresholds for foreign ownership, lower customs duties and the abolition of industry licencing have eliminated old investment stumbling blocks. |
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