Economic Transition and Cross-border Mergers & Acquisitions The Indian Experience among BRICs

Abstract

This paper analyzes the market for cross-border mergers and acquisitions of Asian emerging economy-India during the period 1991–2010. We compare Indian market performance among BRIC economies (Brazil, Russia, and China) for both inbound and outbound acquisitions. To do so, we use statistical data on overseas investment transactions from the UNCTAD’s World Investment Report-2011, and discuss potential changes in the market tendencies based on inductive/deductive logics and case examples. We check macroeconomic indicators of BRICs in order to support the economic, banking and financial reforms in India. Further, we highlight the internationalization process of Indian firms by supporting the data on parent corporations and foreign affiliates. We draw conclusions from India’s share as a percentage of the world economy, developing economies, BRICs and Asia. Overall, India is next to China for all selected categories.