Evaluate the role of MNCs in the economic development various sections of the nation
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Explanation:
It is the giant multinational corporate firms (MNCs) which spend a lot on the development of new technologies which can greatly benefit the developing countries by transferring the new technology developed by them. Therefore, MNCs can play an important role in the technological up-gradation of the Indian economy.
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Explanation:
Multinational companies play a vital role in the economy of a country in modern world since many years. These companies promote the growth of trade due to the bulk investment of foreign capital in a country. The direct foreign investment in the industrial sector reduces the amount of commercial debt of a country.
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