Industrialisation, Liberalisation and Two Way Flows of Foreign Direct Investments-Case of India

Flows of Foreign Direct Investments Case of India Nagesh Kumar The Indian governments attitude towards foreign investments has evolved over the post-independence period in four distinct phases. The period from independence up to the late 1960s was marked by a gradual liberalisation of attitude. The period from the late 1960s through to the 1970s was characterised by a more selective stance. The 1980s were marked by a certain liberalisation of policy. In 1991 India liberalised its policy regime further with respect to both inward and outward FDl as a part of reforms undertaken to increase the international competitiveness of Indian enterprises.