Indian capital goes global: What outward FDI tells about the economy?

For most of its modern history, India was a country that received money from abroad. The story is now changing quietly. Indian companies are increasingly investing outside the country, buying foreign firms, opening overseas subsidiaries and building a presence in distant markets. When a country’s firms invest overseas at scale, it reflects that they have the resources, confidence and technological depth to compete globally. What is driving the trend? How is it similar to the path China walked before? Why does it strengthen India’s position in a world increasingly organised around trade blocs and bilateral deals? Let’s find out.