Outward foreign direct investment (OFDI) by Indian firms has increased significantly in recent years. Such investments by Indian firms have gone to more than 100 host countries. However, little is known about the effects of such OFDI on domestic activity of Indian multinational enterprises...

In many poor and densely populated countries, a large fraction of land is devoted to agriculture. This makes industrialization and urbanization, both of which require land, a serious challenge. We argue that land can be re-allocated from agricultural to non-agricultural uses without any adverse...