Economics
Should more Indian companies emerge as MNCs? How would it benefit the people in the country?
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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