India has been attracting foreign direct investment in research and development over the past decade. This article provides a quantitative assessment of the FDI in flow for R&D from 2003 to 2009, and the sector and cluster preferences of multinational corporations investing in R&D in India. FDI in R&D is limited to the information technology, pharma/ biotechnology, and automotive sectors. This infl ow of FDI has not caused growth, but rather has chased growth-oriented sectors.
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Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.