Exchange rate volatility has been identified as one of the drivers of export diversification. Previous studies have assumed a symmetric relationship between the two variables. However, because volatility could be positive or negative and economic agents react to these changes differently, recent...

This paper focuses on the automobile industry and examines the nature of global value chains in it with reference to the case of India. The aim is to explore the relation between lead firms, particularly MNCs, and the extent to they have contributed to the development of the Indian automobile...

This paper has made an attempt to identify the role of lead firms in mapping the activities related to upgrading. Upgrading refers to the process through which firms may move up the value chain. The literature identifies different types of upgrading such as product, process, functional and...

Firms operating with foreign collaborations (FCA units) have been facing a high degree of dependence on the parent MNEs (Multi-national Enterprises) compared to their local counterparts (Non-FAC units) owing to reasons like larger imports of raw materials, machinery, equipments and spares by...

The Automobile sector is an important pillar of the Indian Economy. Being a major contributor to GDP, and a big job creator facing a slowdown, the crisis in the Indian automobile sector has far-fetching consequences. This research study examines the reason leading to the decline in automobile...

The impact of foreign collaborations or international technology transfers in developing host countries has been a major bone of contention. Literature on this subject has varied views and the role of MNCs in and the sharing of the net benefits between the technology givers and technology takers...

Liberalisation of outward FDI (OFDI) in India at the beginning of this millennium had resulted in a spurt in OFDI flows from India. Automotive was one of the leading sectors of origin of OFDI. Interestingly, it was also found that nearly half of the total innovation-oriented greenfield...