Explain in what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industry?
Competition has affected workers, Indian exporters and foreign MNCs in the following itays
(i) Their jobs are no longer secure. They now work on a temporary basis.
(ii) They have to put in very ltng working hours.
(iii) Wages are low.
(i) They get orders from MFCs at cheaper rates.
(ii) They try hard to cut theircosts.
(iii) They employ workers onlt on a temporary basis.
(i) They are able to find thepteapest goods in order to maximise their profits.
(ii) Competition among the garment exporters has allowed these MNCs totnake large profits.