India Together published an article with the title below. It is hopefully more readable than the earlier piece in EPW.
OUTWARD INVESTMENTS
FDI in reverse
It is far from clear if capital exports out of India are good for India. What is apparent, from their enthusiasm, is that Indian companies believe it is good for them.
30 December 2012 - There is a loud debate on whether allowing or limiting FDI in different sectors in India is in the nation's interest. What is surprising is that there is so little engagement with Indian direct investment abroad - FDI in reverse, so to speak.
FDI in reverse
It is far from clear if capital exports out of India are good for India. What is apparent, from their enthusiasm, is that Indian companies believe it is good for them.
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