Global Insights

Emerging Multinationals from India and China: Origin, Impetus and Growth

TypeConference presentation
EventComparison of China and India — Hosei University ICES
Organized byInstitute of Comparative Economic Studies, Hosei University
LocationTokyo, Japan
DateNovember 14, 2009
SlidesDownload the presentation (PDF)

A talk delivered at the Hosei University ICES Conference, Tokyo (November 14, 2009).

In short: A side-by-side comparison of how multinationals emerged from India and China — different origins, different drivers, different ownership models, yet both reshaping the map of global investment.

About the talk

This presentation compared the rise of multinational enterprises from India and China — the two largest emerging-economy sources of outward investment. It examined where each country’s multinationals came from, what propelled their growth, and how they differed in ownership and strategy, offering a structured comparison of two distinct paths to global expansion.

From the conference


” At Tokyo, 2009″)

What the talk covered

  • Two different origins — Indian and Chinese multinationals grew from contrasting domestic conditions, policy histories, and industrial structures.
  • A private-led vs state-led contrast — Indian OFDI was driven largely by private firms, while China’s featured a far greater role for state-owned enterprises.
  • Different sectoral strengths — the two countries’ multinationals concentrated in different industries, reflecting their respective domestic capabilities.
  • A shared significance — despite the differences, both emerged as major forces reshaping global investment flows, challenging the traditional dominance of developed-country multinationals.

Get the slides

The full presentation is available as a PDF:

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