Indian economy-advantages and disadvantages?
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Advantages -
Inflow of foreign exchange, technologies, latest equipments and expertise
Creation of infrastructure like building, housing for employees
Better quality products at comparable price due to economies of scale
Payment of various taxes thus increase in government revenue
Increase in employment both direct and indirect.
Stiff competition due to large production
Disadvantages -
Entry of foreign companies will displace already existing small and unorganized businesses
May result in monopoly in some fields.
Reparations of profit under guise of dividend payment.
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