The Rise of Indian Multinationals: Perspectives on Indian Outward Foreign Direct Investment, by Karl Sauvant and Jaya Prakash Pradhan (eds), with Ayesha Chatterjee and Brian Harley, New York: Palgrave Macmillan, 2010, 284 pp.

This book comes almost three decades since Aggarwal and Weekly (1982), and Lall (1983), inter alia, documented the activities abroad of multinational enterprises (MNEs) from India. Indian MNEs have since transformed considerably to assume a level of importance deserving of assessment in a whole book as is the case with the book under review. This book is timely as much has been said about the liberalisation process that has gripped India since 1991 and what it has done to foreign direct investment inflows into and outflows from India with far reaching implications for technological upgrading and export competitiveness in a number of industries.