Many Indian firms are increasingly interested in outward foreign direct investment (FDI) to obtain required funds for running and sustaining the Indian firms for future. Moreover, there can be new jobs created by the companies getting involved in FDI in India. In this way, there can be Indian citizens getting jobs and the rate of unemployment in the country can be decreased as much as possible. Technological know-how can be gained by the Indian firms encouraging FDI (Saikia, 2021). This is because there can be knowledge of the organizational members of the foreign companies acquired by the organizational members of the Indian firms. The major area of attraction for companies to do FDI in India is foreign firms having to