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Why should more Indian companies emerge as MNCs? - Economics

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Question

Why should more Indian companies emerge as MNCs?

Short Answer
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Solution

More Indian companies should become multinational corporations because expanding abroad grows their markets, creates employment opportunities for Indians overseas, and earns valuable foreign exchange through investments; it also provides access to advanced technology and resources, strengthening their global competitiveness and capital base.

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Chapter 12: LPG Model (or New Economic Policy) - QUESTION BANK [Page 197]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 12 LPG Model (or New Economic Policy)
QUESTION BANK | Q 17. | Page 197
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