Multimedia: deconstructing FDI in India

Earlier this month, Professor Kellee Tsai gave a talk at LSE titled ‘Developmental Diasporas in China and India: A Reconsideration of Conventional Capital’. Comparisons of India and China’s economic development typically focus on either the nature of state intervention in the economy or the role of foreign direct investment (FDI). But this ignores a vast network of informal financial flows generated by remittances and ethnic investors residing abroad.