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For a country, as an important manifestation of its international division of labor, OFDI is also an important manifestation of its economic development. With the development of modern social economy, the scale of OFDI in the world is constantly expanding. In this context, the foreign investment of developing countries has also obtained good development opportunities. Among them, as two important economies in the world, China and India have played an important role in the world economy as developing countries. China and India have a large population, and they are both developing countries, so they have similarities in terms of national conditions, with a certain comparability in the analysis of OFDI events. The economies of both countries have developed rapidly as the trend of economic globalization is developing in depth. Moreover, the scale of their investment is gradually expanding, but there are obvious differences in the industry, location, subject and other aspects directly invested by them, and the investment results of China and India are also different. Compared with China, India has obvious advantages in investment industry, location and subject of investment. Due to the development of high and new technologies, India has begun to make direct investment to more and more developed countries.

A Comparative Study of the Outward Foreign Direct Investment (OFDI) between China and India in the New Era