ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Government and Transnationals-New Economic Policies since 1991

New Economic Policies since 1991 Sudip Chaudhuri This paper focuses on the direct investment activities of TNCs in the manufacturing sector in India in the context of the new economic policies. The official policies on foreign direct investment since 1991 are discussed and their implications are analysed, especially the response of TNCs and the impact on indigenous firms. The author attempts to probe whether TNCs are responding to the new economic policies by investing primarily for the export market or for the domestic market and examines the future prospects for export-oriented foreign investment.

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