Outbound FDI from India will increasingly be driven by a need to fill knowledge and product gaps aimed at the domestic market. Finance Minister Arun Jaitley has greased the wheels of the investment cycle with allocations of almost $90 billion for building roads, railway infrastructure, inland waterways, ports, airports and rural infrastructure for 2017-18. This massive public spending spree, marking a humungous increase over the figures for the current year, is expected to translate into large contracts for Indian and [...]