Globalisation of economic activities has increased the importance of multinational enterprises in the development process of a country. The inflow of Foreign Direct Investment (FDI) increased rapidly during the late 1980s and the 1990s in almost every region of the world revitalizing a contentious debate about the costs and benefits of FDI inflows. The reforms undertaken in India since 1991 have unleashed the potential growth of the economy and stimulated trade, ...