Economics
Should more Indian companies emerge as MNCs? How would it benefit the people in the country?
Global & Ind Econ
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Answer
The emergence of Indian companies as multinational corporations (MNCs) can have several benefits for the country and its people.
- Indian companies expand globally and operate as MNCs in other countries, they generate foreign exchange by conducting business transactions in foreign currencies.
- As Indian companies establish themselves as MNCs, they create job opportunities both within the country and abroad.
- MNCs bring advanced technologies, best practices, and innovative processes from their global operations to India.
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