Question

Give appropriate examples for the following:

Nature of Product	Name of a Foreign Company
Biscuits
Shoes
Computers
Cars
TV and Refrigerators
Stationery

Now, find out if these companies which are mentioned above existed in India before 1991, or came after the New Economic Policy. For this, take the help of your teacher, parents, grandparents and shopkeepers.

Answer 1

Nature of Product	Name of a Foreign Company	In India before or after 1991
Biscuits	Mondelez/Cadbury	Before 1991
Shoes	Nike	After 1991
Computers	Dell	After 1991
Cars	Toyota	After 1991
TV and Refrigerators	LG	After 1991
Stationery	Faber-Castell	After 1991

Explanation: Cadbury, now part of Mondelez India, has operated in India since around 1948-49, so it was present before the New Economic Policy. Most of the other examples entered India after the 1991 economic reforms. Nike began selling in India in the mid-1990s; Toyota and LG established their Indian operations in 1997; Dell entered India around 2000; and Faber-Castell established its Indian presence in 1997.

Conclusion: The New Economic Policy of 1991 made it easier for foreign companies to enter and expand in India. Therefore, many multinational companies in products such as shoes, computers, cars, electronics and stationery entered India mainly after 1991.