Foreign Direct Investment (FDI) is the major non-debt financial resource for the economic development of India. While India is an attractive destination for foreign capital the country has also become the source of outflows. Many Indian organizations look at Outward FDI as a significant dimension of their corporate strategies (Shadbolt, 2015). The engagement of the Indian corporations is rising in the world markets and it is an indication of the maturity reached by Indian industries and along with that the extent of their participation is also increasing in the overall globalization process. Indian firms are investing in several sectors and countrie