Discuss in brief the role of multinational corporations in India

cbse
publicprivate-global

#1

Apart from playing an important role in globalisation and international relations, these companies have notable influence over country’s economy as well as the world economy.
India has got a huge market. It has also got the title of one of the fastest growing economies in the world. This attracts MNCs to come and explore the market of India. Such corporations offer numerous vacancies in different fields, provide world class products and services. They employ capital intensive technology not only in manufacturing, but in marketing and other areas of business too. They can therefore adhere to international standards and quality specifications. Such corporations offer an added advantage of increasing the GDP (Gross Domestic Product) of a nation.