Is Indian economy boon or bane to Indian economy?

Answer 1

i of the view that mnc's are the way to move forward. rout which India would have been a failed state in the early 90's. when India was seein only unemplyed ppl on every parapet walls the opening gave them colour to life..... ppl were given jobs. if we need to l compete with other nations we need to have the back up of the mnc's.thus mnc's are a boon to be more precise god in disguise...

Answer 2

There is no distinction between an MNCs & a domestic company in India policy regarding MNCs is the same as for Foreign Private Capital in indie. Large & dominant MNCs along with Indian Companies are covered under MRTP Act. MNCs are specifically covered under Foreign Exchange Management Act (FEMA).

Now, we study the operation of MNCs in India:

1.) Profit Maximisation.

2.) International Network of marketing.

3.) Diversification Policy.

4.) Concentration in Consumer goods.

5.) Location of central control offices.

6.) Techniques to achieve Public Acceptability.

7.) Existence of Modern & Sophisticated Technology.

8.) Business but not social Justice.

9.) MNCs & Process of planned Economic Development in India.

10.) Cultural Explosion.

Answer 3

It is a boon because these people add to the national income of the country ,if educated well.

Answer 4

boon