Question

Increasing presence of foreign firms would cause ____ of income from india to abroad

Answer 1

Answer:

drain

I think the income will drain after that

Answer 2

The increasing presence of foreign forms would cause the transfer of income from India to abroad.

• This is because the foreign firms would do sales over here which would transfer the Indian currency to other countries.
• It is not really beneficial for a country to have more foreign firms because the domestic firms would suffer because of these big multinationals.
• The small-scale industries would not be able to compete with these large firms.
• The cost of the foreign products is higher compared to the Indian products but still, people would prefer the foreign products because of the name of the brand or the brand value.