Question

" MNCs firms are contributing a change in economy status of a country ". Justify the statement.

Answer 1

MNCs are very important for the growth of our local companies as they get new technology and capital from MNCs

Answer 2

Since 1991 Multi-National Companies has fewer roles to be played in Indian Economy but it had its stronghold in South Asian Countries.

After 1991 MNCs bridged the gap between foreign investment in India leading to sustainable growth in the industrial and service sector in the Indian economy.

Technology transfer also impacted this growth by making our individuals skilled.

Therefore MNC played a crucial part in the upliftment of the Indian economy.