US and Japanese MNC affiliates: a comparison of India with China

This article compares various indicators of economic activities of Japanese and United States multinational corporation affi liates in India and China using unique affi liate-level data. It fi nds that while Japanese MNCs in India follow the typical multinational expansion strategy in an emerging economy with a focus on the transport equipment industry, their American counterparts are concentrated more in information technology-related services, strengthening service-led growth of the Indian economy.