Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days


Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number


Mon to Sat - 11 AM to 8 PM

economic project topic- tell aboutcontribution of multinational companiees in economic growth of india in about 9-950 words

Asked by Lavie 14th May 2015, 7:11 PM
Answered by Expert

Hi Kriya,

Many a times, MNCs buy local companies and then start expanding their production activities.

They provide advanced technology and managerial services to the enterprises established by them. Through these MNCs, the technology has been transferred from developing countries.

It enabled to produce quality goods make available in the international market.

A multinational corporation is a large company that carries on its productive and business activities in more than one country. Thus, it paves the way to boost exports.

Due to the flow of MNCs capital in foreign currency, the availability of foreign exchange increases that in turn enabled to make payments for imports.

Thus, MNCs are playing an important role by spreading their production across countries.

Answered by Expert 18th May 2015, 6:10 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Latest Questions

ICSE VII Biology
Asked by rishavroy2005 17th January 2019, 6:16 PM
ICSE VI Mathematics
Asked by ghostknight8555 17th January 2019, 5:53 PM

Chat with us on WhatsApp