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Reassessing FERA: examining British firms’ strategic responses to ‘Indianisation’

Aldous, Michael and Roy, Tirthankar (2018) Reassessing FERA: examining British firms’ strategic responses to ‘Indianisation’. Business History. ISSN 0007-6791

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Identification Number: 10.1080/00076791.2018.1475473


The Foreign Exchange Regulation Act, introduced in India in 1973, was the culmination of efforts to ‘Socialise’ economic policies and ‘Indianise’ corporate ownership. It resulted in a flight of foreign capital as Multinational Enterprises exited India to avoid these risks, finally driving out long-established British commercial interests. This article uses new sources to reassess how British businesses perceived the threats of Indianisation and analyses how they strategically responded to them. It shows that British-owned firms used a diverse range of strategies, some drawing on their extensive experience, knowledge and networks, built through long tenures in India, to adapt successfully.

Item Type: Article
Official URL:
Additional Information: © 2018 Informa UK Limited
Divisions: Economic History
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 16 Aug 2018 11:03
Last Modified: 20 Jul 2024 16:45

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