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Multinational Corporations: Are they Devils in Disguise?

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Mercy Monica said: (Fri, May 25, 2012 01:00:24 PM)

I want to tell something regarding the disguise of MNC. Even though it is a multinational company. To be part of India we are an Indian. Employees are struggling a lot to be the best of one among the world. So the products and the service provided by our nation is comparatively the best when comparing to the other nation. For sure MNC is also one for the economic growth development.
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Pallavi said: (Wed, May 23, 2012 12:03:28 AM)

Multinational Companies has always been a boon to our economy. It promotes economic development and growth by providing employment opportunities to needy, helping in capital formation, using the resources to their optimum level, etc. MNCs also improve the infrastructure in their countries of operation apart from creating employment to the residents of the host nation. There is a general improvement in the quality of goods and services made available to the consumers. They also act as a Philip to the industries which are not performing well in terms of trade.
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Subhodip said: (Mon, May 21, 2012 02:01:10 AM)

Yes, it is acceptable that Multinational companies are good. But friends we should also keep it in our minds that it conflicts with the labour laws of our country. The labours are getting exploited by them. It is a matter of great concern. Yes it has created a lot of job opportunities in our countries. But only few of us are affected by it.
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Neha said: (Sun, May 20, 2012 03:53:50 PM)

I am not fully disagree with topic as everything has its limitations. Multinational companies came in India after 1991 when we liberalized our economy. We are economically backward before MNC's came. The purpose of any business is to earn profits. MNC's found cheap raw material, cheap labor and tax liberalization for setting up new business. India is country with large population so we have number of consumers, MNC's find markets with large base. They bring product with new technology which lure the customers more. MNC's are successful in India because we are short of investments for huge projects. They ruined domestic market. In globalized world we can not think a world without MNC's.
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Ashish Areekattel said: (Sat, May 19, 2012 04:42:59 PM)

First of all let me the know the meaning of MNC: (Multi National Company) right? So what do you expect that they will come to India for the good of Indians. They have increased their network for their own personal gain by coming to India, so obviously they will earn profit. But earning profit by Cutting others is not the right way to do it. In some sense I too consider MNC as the devil in disguise but actually they are not. Since they have come to India with a purpose to flourish in the international market with the Knowledge and manpower of Indians. Positive of MNC: ----> MNC has created Employment because they do not criticize & select people on their Background but on their merit or their educational qualification. So their is no issue of employing only the rich. ----> They have made Indians to be more responsible on the job & punctual in life. ----> They have given hope for the growth of knowledge and income by globalization. ----> They have taught us how to compete against the giants in the market. ----> They have taught us the principle needs of the market and how to withstand them. ----> They have made the products more valuable in quality. ----> They have taught us to dream more and explore our goals. ----> They don't differentiate among people on basis of their caste or religion. Negative of MNC: ----> They have made our life more vulnerable by working late nights. ----> They have made people workaholic for power & position. ----> They have made degree less valuable by asking for masters and higher studies to have employment in their company. ----> Because of them people are stressed all the time during their education & in their respective jobs. At last I will conclude by- Every coin has two faces, but it depends on how they take the things in their life.
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Jenny said: (Wed, May 16, 2012 05:46:35 PM)

No I don't think that MNC are devils for India. But I must say they are the blessings to unit the people from all over the world. This will also help in reducing hatred among the people all over the countries. Indians are getting so many opportunities and employment because of MNC and also a good packages and a dignified job.
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Prabha Bisht said: (Wed, May 16, 2012 07:43:44 AM)

Disagree: 1. MNC brings technical know how, professionalism. 2. Create lot of employment improve living standard. 3. Bring competition, gives good quality, good price in short kill monopoly. Agree: 1. Use our resource and sell it to us and make money. 2. Due to MNC, Indian people are just working under them. Not innovating.
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Gurpreet Singh said: (Wed, May 9, 2012 10:46:01 PM)

Well first of all good eve everyone, well according to me multinationals are always stick to their discipline and tight work schedule in terms of employability, which I don't think is devils face of multinationals, because we have to adopt to the discipline life, however sometimes its getting more difficult to handle the night shifts or hard sales targets, but we always that it will come in fruitful way that is more incentives and more salary, so overall multinationals gives us the great opportunity for meritorious people who wants to achieve on their own ability.
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Shanky said: (Sat, May 5, 2012 10:16:52 AM)

MNC can have powerful influence in local economies as well as on the world economy. They play an important role in international relations and globalization. Multinational corporation also play an important role in developing the economies of the developing countries. They provide employment and multi choice goods. People come to know about the new trends and styles which is altering globally. On having deeper look we'll find MNC intends to invest more in developing countries as they can avail good market and low cost labour easily. Many MNC's hold patent to prevent competitors from arising. The local traders are withdrawn to have their successful market due to the rise in competition and thus it push towards unemployment. It has been also observed that they create false needs in consumer. Evidence supporting this belief includes television ads, spam, telemarketing, child-targeted advertising etc. So I conclude MNCs does exists with some flaws, we need to identify and eradicate them. Government policies should be such that they restrict them to the extent which may not allow them to hamper the development of the country and interest of the people.
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Sneha said: (Fri, May 4, 2012 08:17:52 PM)

Today is the world of globalization definitely MNC's play a very important role and one of the key factors in providing employment not at a basic level but at a very superior level but not ignoring the fact that even though they grow at a rapid pace but they itself are stuck in a rat race of just making profit this factor immensely affects the pressure of not learning from their mistakes but just overcoming out of it and make new strategies to face it in near future the second disadvantage is the job security people rigorously work in order to perform well in their companies so that at every level they perform in a better manner to prove their efficiency in job last but not the least money being the prime prospective of every human they are ready to work continuously for hours MNC's do have many advantages but if we conclude in a very diplomatic way it has only created human machines.
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Shunmugam said: (Thu, May 3, 2012 12:34:02 AM)

Hi friends, MNC's are real devils, because domestic business man career get ends when we starts to using MNC products. In the past 25 years wearing of handloom dhoties and sarees is the prestigeous thing, but now-a-days the trend has been changed that wearing of t-shirts, jeans all the wardrobes now we using is designed and produced by other countries this is one example how we implicitly depends on other countries. Now what happens to the characters called handloomers they become beggars. Not only in dresses. Food, medicines, daily needs etc if it happens continuously means we become not slaves but dolls.
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Tarun Agrawal said: (Tue, May 1, 2012 04:41:43 PM)

Thanks to all, in my view mnc is good for our country I know its have many disadvantage but its keep so much advantage through mnc improving standard of living, increase rate of education, employment, and others. Its important for farmers that mnc purchase raw materials in proper rates and give returens in time to time. Because I shown our government don't pay in time for farmer in which farmer goes in loan condition. Mnc is not importnat for educated person but its for all.
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Vinay said: (Mon, Apr 30, 2012 02:12:51 PM)

Dear all, Its clear we as an human being will definitely acquire the things which have good opportunity, Great money etc etc. Its true that India is not having dearth of talent but its our government who are not able to Tap it properly. If they want that our people should work for our country than they should come in arena from the front and compete with them in terms of technology, providing opportunities we are with them rather than disguising the fellow Indians for the sake of the patriotism. Yes there should be rules for industries like agriculture, milk related products in which we have abundance of resources so that Indian company will get benefited for reaping the profits which will be good for the nation ! Still I believe in fair competition.
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Kavya said: (Sat, Apr 28, 2012 12:05:15 AM)

For sure MNC's are not Devils in desguise, MNC's approach us for the lack of labour in their concerned countries. Its the then home minister Manmohan Singh who encouraged the Globalisation and then after MNC's started their work which is useful to them and also to us, As we are in need of employers, India is badly facing the problem of unemployement and for many people its a boon specially student who believe in ther independent life and also to those who need to start their career as soon as they finish their studies. MNC's are boon to many but it too need to be regulated by government for its proper positioning in India.
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Deepak K said: (Fri, Apr 27, 2012 04:37:05 PM)

I agree with all friends. We are already mentioned here how MNC's are important to us. We are need to analyse innovative things in MNC's. MNC's provide jobs and also expect facilities and its growing economic prosperity too. So, we should be think positively. Thank you.
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Vivek Kumar said: (Wed, Apr 25, 2012 09:12:28 AM)

MNC's are not devils in disguise because if we see the progress of any country then MNC's have a big role in that having a lot of MNC's in our country proves that our country is getting rapid growth which is ofcourse a good sign for Indians and I think MNC's provide us good amenities with handsome salary package which can stop brain drain also this will be very good for India as intelligence of India would stay in India then and India can get more rapid growth.
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Shreya Jain said: (Tue, Apr 24, 2012 10:36:32 AM)

Yes friends I agree MNC may be devil in disguise, but we must keep this in our mind that every thing have its cons and pros with it, nothing is perfect. Though they are providing the great opportunity for employment but there is not certainty for jobs.
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Mayur said: (Mon, Apr 23, 2012 10:39:33 PM)

Hi friends, Its depend on us how we are taking things (positively or negatively) , we human always oppose the changes. But if you see the Process of MNC company follows in there Business we will find our way to success. If try and applied there way of work in our business we can excel our business to. There must be something which bring them Global, if they can go Globally why we are stick with domestic market. And after all its nature rule we will have to fight. Even a animals are also fighting for there daily needs, so why we? And MNC companies are providing Good opportunity to local talent too. If we Take the example in telecommunication center MTNL (Gov. Organisation) had not hired single employee from last 15 years and on the other hand vodafone has hired recently 14000 employee for there back offices. I have not mention the number of employee those who are working in there call center. So my opinion is MNC companies are not devils in disguise it is the government who making them devils in disguise. Recent example 2G scam.
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Sagar said: (Sun, Apr 22, 2012 12:54:43 PM)

Hi friends. From my point of view multinational companies are not threats as and only when we (govt) have the proper control on them and learn from them. We the Indians should be competitive with them and try to learn new technologies in promote our companies to become a multinational company to other country.
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Manu said: (Tue, Apr 17, 2012 12:09:35 AM)

Hi friends I don't think so MNC are devil because they provide employment with hike salary. I personally believe if MNC's given a chance to make a life good with all the things like salary, abroad accommodation.
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Majid Ali said: (Tue, Apr 10, 2012 06:37:11 PM)

MNCs are not devils in corporate field because they opens the doors of employment for the freshers. They can be a better opening for the new professionals. So I don't angry that they are devils in disguise. And they are also resource of new products and contribute fr better economy of the country.
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Priya said: (Mon, Apr 9, 2012 01:04:03 PM)

I don't think that MNC's are beneficial as you all said that it decreases the unemployment rate which is actually not true because these companies provide job to that section of people who have well educated, and possess qualified degree from IIT, IIM etc, means provide employment to those people who themselves can earn so much of money by other sources, the main problem of unemployment is with the people who don't have any specification or with rural poor people, for that this MNCs don't do anything, and they disturb the balance of payment also and destroy the domestic market.
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Mukesh Jha said: (Mon, Apr 9, 2012 01:16:47 AM)

We are living in 21th century. And the whole world is interlinked with each other which is another name given as globalization. Si in this scenario we cannot neglect the importance of multi national corporation. Since economic liberalization we have been seeing the entrance of many MNC's in Indian territory. Which uplifted our economic standard and provide us the capability of thinking beyond our old and traditional way of life style. It has a good working culture. Good technical aspect of developing products and services. Provides numerous job opportunities. Gives us the opportunity to work in a diversified fields of working environment. By making us punctual and disciplined they gave us the awareness to go ahead or at-least along with the other nation's. But I m very sorry to say that mnc's did this for their own sake because if any foreign players entered into our country for business purpose just for their own sake. So they should be allows but with strict regulation. Because I found that most of the MNC's have ruined our domestic organisation. Creating wider gap between rich and poor. Have divided our society into two parts. They come with their product and put such higher price marks (along with the good product) for filling up their pocket. But it is very sad to say that they do not do anything for the poor people which consist of more than 80% of our population. Neither they have any social responsibility nor they have any kind of sympathy with the country. So they are the selfish one. We have so many friends here discussed that along with me that they provide millions of job opportunity . But here the fact is that they create more unemployment. Because due to establishment of MNC company so many small traders loose their occupation and finally their income source. So my conclusion is that MNC company should be allowed in those field only which may not hampers the sustenance of crore families like service industry, telecom, information technology. Etc.
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Shivine said: (Fri, Apr 6, 2012 02:47:03 PM)

Multinational companies are empowered with latest technologies whether it is automobile industry, computer industry, mobile phones or medical equipments. On the other hand India is a large populated country with less technology awareness. The multinational companies with their technology potentials invest in India and exploit the marketing with huge population. It is earnings to the multinational companies at the cost of Indian population. At the same time Indians get advanced technologies whether it is automobiles, cellphones, medical equipments or softwares at a cheaper costs. Indians with their indigenous technology could not able to deliver such goods at cheaper costs. Therefore, I cannot consider the multinational companies a devil in disguise.
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Anshul Nema said: (Wed, Apr 4, 2012 10:40:49 AM)

Multinational corporations are important factors in the processes of globalization. National and local governments often compete against one another to attract MNC facilities, with the expectation of increased tax revenue, employment, and economic activity. To compete, political entities may offer MNCs incentives such as tax breaks. But there are various demerits as they predate the small scale industries, many multinational corporations hold patents to prevent competitors from arising. For example, Adidas holds patents on shoe designs, there are many pharmaceutical companies too to hold patent name. Multinationals create false needs in consumers evidence supporting this belief includes invasive advertising according to which customers are not given full information and they cheated in different ways.
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Nikesh said: (Tue, Apr 3, 2012 03:35:24 PM)

Multi national companies are good enough for giving better opportunities and better packages, overseas visits etc. To newcomers, fresh talent as per max persons feedback. Due to their ideas, better designing, less prize etc. Due to this small scale industries are suffering as in today everyone need brand name? where these workers, employees of small scale firm will go? In one scenario 1 person is becoming richest and can afford any cost whereas the person having limited icome can not afford todays living cost. Why goverment can't do anything to promote this small firms? these MNC after few years again forming joint ventures showing losses.
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Priya Dang said: (Mon, Apr 2, 2012 07:00:31 PM)

I think multinational companies are double axed weapon. They have both merits as well as demerits. MNCs provide fat salary packages to their employees. They also give international exposure to their employees. Apart from this MNCs have started privatization in India.
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Harry said: (Thu, Mar 29, 2012 04:21:21 PM)

In my opinion MNC's catering a lot of opportunity in our country it could possible it have some disadvantages as every coin have two phases. Firstly I want to talk about some of its advantages. 1. Lot of people employed by these multi national companies which enhance our. Employment rate and decreases the unemployment. 2. When any multi national company enters in any other country then their is some kinds of rule and regulations they have to follow like they have to make joint venture with any nation company or they need to spend some percent of money from it total profit or ect. Which government of India regulates through these regulation country reaps the benefit. 3. If develops the infrastructure of the country if any multinational corp. Enters in any country because it is an indispensably part for any organisation for working in any.
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Challa Harish said: (Sat, Mar 24, 2012 08:46:14 PM)

I my point of view MNC's play a imp role in country development towards economy if provides job opportunity and eradicates un employment in our country. Mnc's provides a toughs competition amoung companies wth out competition there is no meaning of marketing like a coin its also having 2 phases advantages& disadvantages while coming 2 disadvg there is no job security, age limit will be there 40-45, they always need a new creaters.
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Kumar052 said: (Wed, Mar 21, 2012 01:21:59 PM)

MNCs companies are really a requirement for any company. If there will be only local companies in any market and no any mnc then there will be no competition for the local market and they will sell the product according to there choice. But due to the mnc companies the local market getting the tuff competitions and reducing there product price due to which also consumer getting benefit of the with new features and at low cost. MNC also developing the life style of people due to which the people becoming the brand and quality conscious which was they are not some decades ago. They are also generating jobs for the peoples and helping to reduce unemployed. So, for any ccountry an MNC is vital.
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Revathy said: (Tue, Mar 20, 2012 03:16:23 PM)

In my opinion mnc's are good. It will privide a good good status to Indian. Also economy of our country can be improved. Every man can improved personally and also can improve our country. MNC's will reduce the unemployment of our nation and it will help to improve many family as financially and also status. It have many disadvantages also. But more than disadvantage advantage is very high.
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Mohan Raj B L said: (Wed, Mar 14, 2012 10:45:56 PM)

I think mnc are very beneficial for India especially for Indians who are looking to exhibit their talent where these mncs are act as a platform for many youths. It is reducing many problems in India like improving financial sector, unemployment problem and also creating competition in the industrial level. Mnc has its own advantages and disadvantages even you look at each thing in your life everything has its own disadvantages. But if its are advantages are more in number why people want to leave that thing. Many young educated students like to become part of mnc just because good package with respect to their education and talents. Even my plan is to get into good mnc.
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Jinto said: (Tue, Mar 13, 2012 09:28:18 PM)

Multinational company's will help to improve our standard of living and also the culture of a particular place. MNS's is also helpful to increase the economy of nation. Through the multinational the world economy comes as local economy to all. So the multinational integration is helpful is really essential to all the nation.
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Sujit Nayak said: (Tue, Mar 13, 2012 08:15:08 PM)

Hello friends, in my opinion MNC's are devil in disguise as they hamper domestic market which is a hefty challenges for small scale industries and cottage industries. MNC creates cultural diversification for which young generation are diverting from their culture.
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Madhav said: (Tue, Mar 13, 2012 07:20:18 PM)

ADAVANTAGES 1) Helping in the improvement of standard of living. 2) Helping in the increasing rate of employment. 3) Helping to remove the poverty from our country. 4) MNCs help in the improvement of economical condition of our country. 5) Help in the education system also. 6) Attract more consumers towards the products. 7) Improving the better qulity of products, goods and services.
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Karishma said: (Sat, Mar 10, 2012 03:54:09 PM)

MNC's are a kind of gift for the developing countries like INDIA as it helps in creating job opportunities also raises the bar of standard of living. On the other hand it also create a threat to the local or domestic market, though it is beneficial in order to make the product with new technology, innovations so that it can sustain in the international market also with a low price which ultimately raises the level of competition. MNC's also have several benefits like, when they came to our country they set there company along with social responsibilities like they open schools in rural areas, works for pollution control, free training to work with new technology which ultimately helps the individual to stand on its own feet. So, they are not devils in disguise.
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Paras Chauhan said: (Thu, Mar 1, 2012 08:12:33 PM)

Merits: MNC's made India what it is today otherwise it will be below Bangladesh or Maldives in poverty line with so much population. Why I am saying this is because in 1991 when Manmohan Singh became finance minister of India India was doing through a very harsh period of economy crisis. They opened the door for MNCs and the world to come and invest in India and being over populated kinda helped Indian because it became the largest market for MNCs to invest and earn money and they provide million of people job and excellent quality of everything. Also they give Indian companies a better competition which made them work hard and make much googd quality as possible they cannot like Bajaj... Chetak companies which used to make scooters. Which used to start after min of kicking and goes slightly left every time you ride it. Demerits: The over power of mnc's made big countries like America interfere in different issues too of India instead of doing business only. Now the mnc of coke company can't be charged and put in jail even if he murded somebody. Because if you will then the direct call from America will come to the president saying that ..."We again wanna discuss issues on Pakistan occupied area or kasmir issue"...(js an example)...because of this Indian government changed Foreign Exchange Regulation Act (FERA) into The Foreign Exchange Management Act.
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Anubhab said: (Mon, Feb 27, 2012 09:35:39 PM)

MNC s are a bliss for a country like India, where people can earn a lot of money, for their family, but its those people who must keep in mind, they need to pay back our motherland, by any means, even setting up a courier servise business (the pettiest business I could imagine right now) , helps to create jobs for more INDIAN people. But as we all know we need capital to start anything new, its where the MNCs are IMPORTATNT. We can change and can PREVENT BRAIN DRAIN by starting up a company ourselvs, Its we who need to change, not just give in to hands of the MNCs.
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Palash Midya said: (Mon, Feb 27, 2012 12:41:19 AM)

I don't think that MNCs are devil for India. For in this age of globalization any nation that lacks the rule of collaboration will surely go lagged behind. any thing that is hard for one person is easy for many man to perform. When two companies works together in a same target they will profit a better. Not only in the question of profit it is truth for enhancement of quality of production. As for example when America or some other technologically developed countries collaborates with India to produce essential Medicines we can help them with our huge number of herbals and they may help us with their high technology and capitals. In another word it is good for Indian economical health also. In this country of high population the MNCs helps a great opportunity. And in India MNCs provides 1/3 GDP comes from those MNCs! In question of small and infant industry they can choose another field of business. as their capital is small and limited they should deal with local simple needs. Now if they try to plant a thermal power project it will may be of a below quality. In other hand if a huge company starts to produce such things that may harmful for rural economy our Govt. should hold them. For India where is a huge difference between import and export Govt. should take it with more seriously. After all, Being a developing country and having a about 8% growth rate MNCs are not a devil for India.
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Abhishek said: (Tue, Feb 21, 2012 04:10:00 PM)

Multinational corporations are the ones that are operating in many countries but are managed from home country. MNC'c generates their quarter of the revenue from outside the home country. I have few points to consider: 1) Investment of MNC's on developing country like India has considerably helped in uplifting of our economy. 2) E.g of MNC's in india in the fields of automobiles,aviation,food and beverages,telecommunication and other sectors such as General motors, Mitsubishi, Sony, Volvo, Audi, Renault,Vodafone essar etc which has accelerated the economic growth of our country 3)This globalization has reduced poverty and unemployment at certain extent. 4) It brings better diversified products and services, More income, More infrastructure, More Growth, More Job Opportunities. 5) But when comes to Cons of MNC's, Local indian markets got badly affected due to the entry of global players in local market. They may damage the host countries by supressing local entrepreneurs throught heir superior knowledge. 6) In many cases MNC's use their economic power to influence government policies unfavourable to development such as lower tax, cheap provision of factory sites,etc In this case the profit of MNC's exceed the social benefits of local people. So i would like to say that as every coin has 2 sides, MNC in local market has 2 facets... The pros of MNC's are more than the cons that leads to the socio-economic development of host country which improves the relationship with the other country. So MNC's are not the devil's in disguise.
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Sagarika Guha Thakurta said: (Sat, Feb 18, 2012 11:42:31 PM)

MNC companies are no devil for India. India's population growth rate increases from some years back, as a result of that unemployment increases. So MNC has a great part to decrease the unemployment in India. They offer a job to people with good salary which is not usually possible in Government jobs. People can get job satisfaction in working with MNC.
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Utkarsh said: (Sat, Feb 18, 2012 02:36:44 PM)

MNCs have both positive and negative faces. 1)at microeconomic level they provide ample job opportunities therby increasing the standard of living of the people.they provide a platform for the people so that they can make a proper use of their talents.talking about indian companies..the number of jobs which they produce are not sufficient.before 1991,in india,the foreign companies,MNCs were not allowed..at that time there was unemployment..when the liberalisation,privatisation and globalisation was brought by indian govt.then india's gdp began increasing 2)at macrolevel,we suffer from brain drain which is detrimental to the society
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Deepak .V said: (Fri, Feb 10, 2012 06:14:53 PM)

MNCs are not bad at all. Infact INDIA is lucky to have presense of many MNCs which are generating tax revenue for our country and offering many global brands for INDIANS, nt only that it is decreasing the unemployment rate of our country because of that consumption pattern is changing people's purchasing power is increasing which is equalizing the demand and supply graph and making the country's economy good. Competition is another thing which is coming along with MNCs and this is nt bad bcuz of competition domestic companies have improved themselves and they will, cost will be decline and consumers (we people) are going to get benefits of that recall the scenario when only just two Indian car companies were present (i don't remember the names of them) and because of being only two players in the whole market they have not provide good qualities and innovation and people had to buy it because they didn't had any other option but as govt allowed suzuki to make partnership with maruti ltd. These two domestic companies started improving themselves and offering much more innovative products. One more thing INDIAN companies have learnt so many things from MNCs and they will. Like HERO from HONDA regarding technology part and not only we are learning they are also learning from INDIANS as well we should work together and help each other to grow. Because we are the part of same world.
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Dipa said: (Thu, Feb 9, 2012 11:16:35 AM)

MNC companies are no way a devil for our country. Due to these many people get jobs, we get better quality product at a reduced rate at our own place also. As a solution where effects the small scale industries can be that our government can make strict rules that they should open up their business with other small scale business peoples in India. For example in motors previously we had this rule any foriegn company who wants to promote their motors in India should merge with an Indian company so both gets benefitted. Ex hero with honda, maruti with suzuki so many due to which Indian companies got to know the new technologies.
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Akshatha said: (Mon, Feb 6, 2012 08:50:14 PM)

According to me MNCs helps in development of the country. - firstly, MNCs combines the best of technologies, ideas and resources of number of nations, thus producing best products. - secondly, By giving opportunity for the development of multi national companies in a country, helps to exchange the new ideas, technologies and culture between many nations. - so I think MNCs are helping in the growth of country.
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Shashank said: (Tue, Jan 31, 2012 07:59:29 PM)

Hi guys, I do believe every coin has got 2 faces. MNCs have got both positive and negative impacts in the modern era.My views on both the sides are as follows: Positive Impacts: 1>MNCs create job ooportunities and help the sociey. 2>These days in Indian Scenare, when rupee prices are going record low every days, India born MNCs like Tata,Infosys,Wipro with clients from all over world,helping the national economy lot. Because most of the business transaction takes interms of USD, hence remains unaffected. 3>The national MNCs upsurge forien investors to invest in Indian Market, that helps country economy. 4>More tax generated for the country. 5>New technologies get a way in our contry by thelp of MNCs. Negative Impacts: 1>MNCs have given birth to branding, which is directly hitting the small scale Industries. 2>They cause lot of pollution. 3>Only helpful for base countries. Foriegn companies like Walmart If they come to India,India wont be benifitted. Inspite of all the drawbacks it wont be ethical to call MNCs devil in disguise.Its better to call them a boon with some drawbacks
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Milind said: (Mon, Jan 30, 2012 11:32:48 PM)

In my view, those few people there are making others survive. And we can very well pay them few extra paltry for that reason. 1. These few MNC's or corporate heads are behind the cooking stoves of thousands and millions of homes. 2. Taxes payed by them are used to build memorials, stadiums and roads. Unlike our taxes to keep up the inflation rate to the next year budget. 3. It depends, as a friend mentioned in his/her discussion note something about power and money. We ought to remember that it is always us who decide the rate to be hired, not they. You don't want to work for long hours, you may drop a complaint. If you are paid less, complain and switch. Its a judiciary offence to make an employ overwork after complains 4. MNC's have always been a boon to lower and middle class. Had not been their existence in India, our land would still have been a land of late golden bird.
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Laxmi said: (Mon, Jan 30, 2012 05:17:13 PM)

I appreciate all the view but I would to bring your attention that "All that glitters is not the gold" so is the case with MNC's. Though right now they are luring us with employment and high wages but are they worthy enough? The reason being : 1. The quality of work which most of the mnc's redirect for outsourcing is not that great. 2. The work culture e.g extending work hours are putting our youth into unhealthy lifestyle. 3. The most important thing is the idea behind entering into market is to capture Indian market. So we need to understand that we putting our economic future in danger by welcoming them. This all proves that mnc's are devil in disguise.
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Varsha said: (Thu, Jan 26, 2012 09:17:35 PM)

Hello one n all reading that actually I fell that MNCs are good platform for the bright future of the youth of our country as most of them depend on MNCs, even we people don't find any secure life in this companies we rush toward that because they provide good pay, living standard n also they are not unfare they need the talent and search for such talent but in our country it is not like that every where the thing is bribe n source not the talent, now even most of the people think to be employed in this MNCs. So I don't feel any thing bad in MNCs if they are providing job its on them how they be benefited by taking more works from us but inspite of all this they are providing employement.
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Kaustubh U said: (Fri, Jan 13, 2012 11:14:21 AM)

I disagree to the topic but not completely as there must some issues with each and everything in this world. 1. Starting with the topic, Lets take the example which will bolster that the topic is not completely correct. We all heard of HERO-HONDA and their JV (joint venture) , what happened with them both? Who got benefited most? any guess? In answer, BOTH equally got benefited. Hero who's positioning of the product was only bicycles but were strong in marketing and implementing the products in the market with the psyche of the consumers, While Honda is technological experts in Motorcycles and cars too. By simply exchanging the minus points with each other through joint venture what they have done we know what HERO-HONDA as a brand in India. 2. Absolutely yes that MNCs are using our brains our raw material to gain some competitive advantage (they found cheap labor and low cost on raw material required which help them in expansion) , but why they are so successful? THE MAIN REASON IS YOU ARE BIG FAILURE IN FRONT OF THEM THAT IS WHY THEY ARE SUCCESSFUL. 3. In India for new set up of business as per paper, it takes 29 days but in originality it may take couple of months. While that is in America it hardly takes 2 days. Above there was point that American government din't allow the cotton skirts from India. The main reason is obviously the point suggested up there but also America IS CAPABLE OF PRODUCING SIMILAR QUALITY PRODUCT BY HELPING THEIR LOCAL BUSINESS WHICH WILL HELP FOR OVERALL DEVELOPMENT. Is Indian govt. Capable of doing that? YOU SHOULD POINT YOUR FINGERS TO OTHERS WHEN YOU ARE UNBEATABLE AND VERY MUCH PERFECT IN THAT AREA. IS INDIAN GOVT. IS THAT PERFECT? 4. As highest Authority, Government is knowing all this things that is why they allowing FDI in India, because they know they not only will create employment but also they will fulfill common mans need that INDIAN business will not. 5. And are we going to talk about the same INDIAN MNCs like Reliance, Godrej, Infosys, Wipro, Thermax which are MNCs for other countries and expanding their and making profit? 6. There are 5 stages of business START, GROWTH, MATURITY, DECLINE AND DIP. If you operating in maturity stage then next are decline and dip where you have to look for the other opportunities. 7. Lastly in the era of GLOBALIZATION, we should not complain by saying MNCs are devil but we have to adjust ourselves for new challenges of it. Because Ultimately challenge is life.
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Karuna said: (Fri, Jan 13, 2012 11:12:13 AM)

I go along with what piyashi said. As the unemployement rate is high in India. We can see many job seekers across us and everyone wants to get into psu but thats not possible because one has to pass through many criterias. So, MNCs are playing very helping role by recruiting freshers in large numbers and providing exposure to them. One can earn a lot by serving them at primary stage and can get experience too. And also in India it is the fastest growing and favourablly economical sector. So its good for freshers at the primary stage. Once you get exposure and experience, then you can easily serve any organisation.
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Piyashi said: (Wed, Jan 11, 2012 12:09:34 PM)

I would also like to emphasize one point. India produces lakhs of job seeking graduates every year. And the number of government or public sector jobs is almost negligible to absorb this huge mass. The other India based private companies do help but the major employment opportunities come from these MNCs. They provide a good salary, better living standards and a lot of recreational activities and helps people be aware in every field unlike most of Indian government offices where people while away there time sleeping at home or taking bribe. Moreover the MNCs are like inspiration to thousands of Indian Companies who want to and have gone global. There are so many Indian MNCs as well like TATA, INFOSYS etc. So It a two way process. If other country companies are coming here, even Indians are also going global. So rather than complaining we must work together. As far as the wealth of our country I concerned, it beholds in the pockets of our greedy politicians and aristocrates. It is also well known how strong our Indian education system is. The dream and wish for a better life and future also drives so many youngsters from middle class and poor backgrounds to study hard and improve education standard. And this is greatly influenced by the lucrative and good offers made by MNCs to deserving people. So the co existence of MNC s with Indian companies can help India flourish.
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Md. Jamil Akhtar said: (Tue, Jan 10, 2012 08:59:46 AM)

The entry to the MNCs may be restricted to a certain level and ensure that the work force available in the country should get priority in getting jobs. Then only there will be some value addition to the national economy. In this way mnc's provide our country with quality of products which help it to develop. So, both the things are equally important for us which we have to take into account and try to make adjustment so as to overcome the employment problems in India and let the national economy grow further. On the other hand, most of the MNCs are not adhered to the social ethics and social responsibilities by not providing jobs th the every section of society. Also, they are not bothered about controlled air pollution causing evil problems of Global warming and climate change. Hence it can be said that MNCs are devils in disguise.
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Akshay said: (Mon, Jan 9, 2012 03:17:04 AM)

Presence of MNCs is not good for us because they should rule our country in future. Just think that during 1940's east India company of england ruled us. But after freedom only east India company is gone back but others companies of england stayed here only. They are the companies who earn their profits by using our resources and raw materials. They also uses our brains and talents and we people also give them full support as they are providing job to us. I want to tell you all that other countries don't give permission of Indian cotton clothes to sell in their country. But in India we give their full permission to sell anything. We know that to survive in India we have to the nationality of that country. In our Indian politics except nationality no other requirement is required to stand in election platform. If the person is murdered then also he can get their in elction platforms in India. But nowadays their are total 6-7 member of parliament are foreigner. If same things happens continuously then one day come when the situation becomes the same which are in the 1940s. You ever see that pepsi is made of 50 paisa only but they sell it to us at rs. 12. That also made from our Indian water by mixing some ingradients to it. I know the MNCs are providing job to the youngsters but it is because they need those youngsters to promote their products in their country. Because of the MNCs our Indian companies don't get the talented brains of our country. They are spoiling our country. The developed country is the country which use the products made by their own companies. We see that because of MNCs rich people get rich and poor get poorer. It is one of the main reason that India is not the developed country. Our Indian government also OFF the income thanks on the MNCs but the Indian companies have to pay the tax to survive in India. It is very bad. It just mean that we have to take the permission to start any buiseness in our country but foreigners can start their any buisness here. At last I come to the point that there is no need of MNCs in any country for the developement of that country. The country become the developed one because of their own export.
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Kunal Kumar Singh said: (Sun, Jan 8, 2012 08:13:31 PM)

I appreciate all the thoughts elaborated earlier & i again wants to share my opinion about MNC`S. So , firstly I am explaining what the MNC`S are? Dear friends as name suggested that Multinational Companies. According to the boon point of view any company have to be concentrated to their own profit providing the profit to their end user. Then the point comes is mind is that the policies of that company should not be violate any other customers & providing a standard living standard to their employees. As proceeding to the level of whole world a company have to maintain the peaceful environment for better organisation, so they maintain the all terms of the other countries. As i said earlier the thing are comes in increasing order of needs that have to required to be a optimistic condition. Now by mnc the unemployment of any countries decreases behalf of providing a good pay scales & providing the great facility, as the mncs are private so the are well managed & bound be play their good job in polite way & with responsible +ve thoughts, so chances of corruption become also low, which is so good for any country. Now come at the thought of optimistic relationship. For any mncs their would be a terms applied in them for maintaining the peaceful business. So it`s depends on the countries term that how they deal with the different companies to maintain their economy & maintain the violence among their domestic business. If any any country losses their control from this then that particular country have to be responsible for this. Behalf of this we can`t blem a mnc to violent our economy. Now according to another point of view we can observe easily that behalf this mncs approach we are now at the stage of connect the whole world & save our world to go through a next world war, because if we go through our history of world the we get that any war were never be well planned. Any side not even wants the war. So indirectly the mnc`s maintain the peace between the world also. At last I want to include 1 point & that is belonging to the very low lwvwl persons of any country of world. Think about a moment that a large people comes in the C level of any country today feel about any another corner of world, because the product that have a business in different countries. After all about that how can we blem the mncs to disturb any countries economy or growth rate. If then after this type of things arises then the reason of that is the no any other person or company but the people of the particular country who select that type of government who are not eligible to handle this type of critical situations.That`s all. Thank u every body.
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Tahseen Ahmad said: (Fri, Jan 6, 2012 09:38:47 AM)

As Indian technology and trend of production is not sufficient to satisfy the people so to know about new technologies and ideas there is need of a TEACHER, and MNCs plays this. MNCs also provide unemployment, globalization and raise living standard. If that teacher wants his payment then it should not make a big issu. But the gov must keep the control over MNCs to not affect the economy and growth of the country.
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Mohita said: (Fri, Dec 23, 2011 01:13:59 AM)

MNCs are no devils to our country. Rather they are proving to be a boon for a number f reasons- creating employment, making the customers the foremost priority, increasing competition and thus forcing the home countries to perform well, bringing new technology and thus, finally, improving the standard of living of the people. They have provided India a global outlook. The only problem which is that our best talent are working for a foreign country is not so much of concern because one is not forced to work for an MNC and s/he can make an individual choice.
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Vickrant said: (Thu, Dec 22, 2011 11:38:28 AM)

When there is so much corruption ? In a country like India where illiterate leaders rule, is it possible for the Indian companies to recognise our talent and honesty. NO ITS THE MNCs WHICH DO. So as so far Patriotism is never enough to feed empty stomachs.
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Mahi said: (Wed, Dec 21, 2011 08:16:04 AM)

I want to share some points with you. I think MNC'S diguise to devolpment of the country. Mnc's means large scale compaines having branches at several parts of world operated from one country (home country). Mnc's take away worth of citizen who is useful for country, and also wealth, resoures of the nation. Mnc's profit take away by company authorities which is not useful for country but where as public companies profit take away by government. If we work in public sector we will be useful for country. Going into these companies there no job security. They will use customers as wepon for devolpment of company. These are dangerous for country if these increases in the country.
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Saurabh said: (Fri, Dec 16, 2011 05:09:52 PM)

MNC's are very good to hike a freshers career to a new height.
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Parul Thakur said: (Wed, Dec 14, 2011 01:22:26 AM)

MNCs have both pros and cons. Although these are contributing in our economy but one must realize that its only 30% contribution to our total GDP. They might be providing employment but at the same time these MNC are choking the growth of domestic and infant industries. The basic needs which can also be fulfilled by our domestic industry are taken up by these thus stopping our people to become entrepreneur which in turn making our people dependent on jobs thus generating unemployment. Most importantly these are making our country dependent on them one way or the other which is not a very favorable condition at the time of recession. In conditions like recession only those economies can survive those are self dependent.
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Blossom said: (Tue, Dec 13, 2011 07:50:56 PM)

First let us define MNCs.MNCs are companies that operate in several countries i.e.(Host country) but are controlled from one country i.e.(Home country). MNCs use and sometimes even abuse the resources like human, raw material,land, etc of the Host country. They may pollute the environment and cause irreparable damage to the Host country. They may exploit the countries natural resources for their own selfish benefit. They may also undertake predatory pricing and other such tactics that the domestic companies cannot compete with which will ultimately result in domestic companies shutting down.MNCs may take all the profit and wealth earned back to their Home country in the for of repatriations and royalty payments. They may interfere in the countries political affairs which can create havoc in a unstable country. On the other hand a MNC may bring in new technology,capital,expertise into the Host country which will lead to increase in the economic activity in the country. It may also give healthy competition to domestic companies that will force them to improve their quality and become more efficient to compete with MNCs. The customer of the Host country will stand to benefit as they will get good quality goods and services at low prices.
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Sindhu said: (Sat, Dec 10, 2011 08:44:37 PM)

It depends upon the company. But most of the MNC are devil in disguise as the even don't give time for there employee to have their diet. There will be no time limit for working. They should get to work in late night also. MNC employee are droped down to frustration. Professionals get a good amount of salary but they lose their health, sleep. When pressure gets increase salary increases. But now a days countries economic development depend upon MNC.
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Vivek said: (Wed, Dec 7, 2011 08:20:03 PM)

MNC's Devils in disguise, I do not agree with the statement as besides generating employment, increasing GDP of an economy, they bring with them the world class management practices like value engineering, TQM, Talent management, to name a few, that help domestic companies not only by mirroring these practices but they also bring increased competition with them that helps domestic companies to adopt new strategies to combat this global competition and succeed in building sustainable competitive advantage for themselves. For example Dabur has been doing well in Indian market relative to global competition they face from MNC giants like HUL, and P&G.
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Rituraj said: (Wed, Dec 7, 2011 12:36:02 AM)

No doubt in the era of competition its necessary to adopt globalization, But taking in mind the well fare of the Indian economy... I m agreed with my frn PADYANA to some extend. No doubt MNCs has increased the GDP of our country but if we take a look at value of RS as compared to $ (dollar) then we can directly justify the drawbacks of extending roots of MNCs in India. Now a days a single dollar cost equals to Rs51. Its will badly effect the economy of India. It will affect each any section of Indian economy. Price of electrical devices will rise n Indian customer would suffer so Indian gov. Should tak action in such a manner that it could not affect our economy. So at last I would like to summarize it as- MNCs should be encouraged in India but only at optimum level.
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Pradnya said: (Mon, Dec 5, 2011 07:06:12 PM)

Every coin has two sides, similarly entry of MNC's in INDIA has positive as well as negative aspects. India post independance tried to survive as an isolated economy however this attempt failed and Indian economy was close to bankcruptcy. So post liberalisation of 1990's it was forced to welcome MNC's on its soil. This had many positive effects like employment generation, product quality improvemnt, increase in Tax collection which was beneficial. However certain negative impacts can also be seen when Coke and Pepsi the two soft drink giants entered, Parle sold its brand Thumps Up due to fear of strong competition in Indian market. This shows that with entry of MNC's local industries do suffer a setback. Hence MNC's should be allowed to thrive but at the same time the government should create enough barriers through laws and regulations which will ensure development of local industries as well. The best examle is the insurance sector which has a balance which enables the government to protect the interest of INDIA.
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Mohit said: (Thu, Nov 10, 2011 07:36:45 PM)

MNCs are like a backbone for any country all over the world, without which the country can't survive in this ruthless and globalized world. MNC Contribute to the growth and development of our economy and as our economy developed, unemployment decreases, NI increases and standard of living also improves you can see in Zimbabwe where there is very few or may be no MNC, their inflation rate is more the 1 lakh
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Raj said: (Thu, Nov 10, 2011 03:09:20 PM)

According to me, MNCs have really played an important role in our economy. Since globalisation has started in India in 1990. Our economy is completely changed. There is a growth in GDP, level of employment is increasing day my day, therefore standard of living is also increasing. In the house of govt there is high tax return, indirectly its helping our economy.
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Abc said: (Thu, Nov 10, 2011 03:08:12 PM)

Most MNCs in India are based on outsourcing, they earn their revenues just by providing services to many us giants As per my opinion yes indeed these companies are adding a lot of money to our economy and making our country grow in term of GDP, but I feel they are polluting the work environment. Real development comes form the money vexed in developing products or amount of research done but not just by keeping the big brains to do a business.
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Abc said: (Thu, Nov 10, 2011 03:04:46 PM)

Most MNCs in India are based on outsourcing, they earn their revenues just by providing services to many us giants As per my opinion yes indeed these companies are adding a lot of money to our economy and making our country grow in term of GDP, but I feel they are polluting the work environment. Real development comes form the money vexed in developing products or amount of research done but not just by keeping the big brains to do a business.
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Anvita said: (Tue, Nov 8, 2011 10:04:18 PM)

MNC's are definitely devils in disguise. They don't provide much of revenue for our country. Its just that people of our country work for them and these MNC'c are benefited by it and not our country. Instead of devoting time and efficiency to these companies one should work for an Indian company so that our country as a whole can be benefited and they can grow at the same pace as any MNC would grow. This will lead to personal growth as well as the growth of our own economy.
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Sharique said: (Sun, Nov 6, 2011 07:33:02 PM)

Friends, we should not forget the major part of the litrate people are now a days depending on these MNC'S, this MNC'S is not only solving one of the major problem of india; UNEMPLOYEMENT, it is also giving to indians a world class standard i, e GLOBALISATION. Before thinking further, I also say the above two major factor which any country need, if it is contributed by these MNC'S how can you consider it into "devils in disguise".
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Prajakta said: (Sun, Nov 6, 2011 04:13:54 PM)

Hi all, Well I think MNCs are very much effective when we see from the career point of view. But the main thing that people actually ignore about MNCs is that these companies are working for other foreign country's. No I absolutely don't have objection for it but the thing is people in their own country should contribute their knowledge for their own country to make their country technically more and more effective and my point is specifically for INDIA.
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Kartikeya said: (Fri, Nov 4, 2011 10:21:49 PM)

Mncs are not devils in disuise as-. 1. It provides employment to many people of the country. 2. It helps a country to trade in the international market with other countries which is known as globaliisation. 3. It introduce us with new products and provides us with large variety of choice. 4. The products of the mncs are of good quality. 5. It improves financial status of country by investing in new products and technologies. At last I want to say that there are some negative impacts of mncs also but positive impacts compensate for negative impacts.
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Tarun Kalia said: (Fri, Oct 28, 2011 10:53:49 PM)

In todays time the whole inda entirely depends upon MNCS for their financial upliftment. Specially the youth, his whole life, his career is in mncs hand. To sucha large population our own govt is stil unable to provide with better employment and will continue to be. At that time mncs are the only source and in some way its good for the countrys future also.
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Shriram said: (Thu, Oct 27, 2011 07:58:12 PM)

Hi friends! Since India is having very large population and our government is unable to provide employment to all people. Thousands of graduates passed out every year and searching for job. At such stage MNCs provides huge opportunity for jobs as well as they are providing better market, increasing revenue and productivity, fulfills the demand etc. So contribution of MNCs to nation can not be ignored. Now its govt job to encourage and implement such policies so that our local or national businessman can also fight against them in the market.
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Neha said: (Fri, Oct 21, 2011 10:34:02 PM)

Well, I am a school student in class 9th. I have an interschool debate ahead of me and the topic is "mnc's are paving way to neocolonialism in india" so while surfing the net I came across this site and really loved it. I want to present my views on the topic given to us. I feel its not a way of neocolonialism but just a way to move ahead. Its a way to develop. In my point of view english is a global language and dressing in formals is way more easier than draping a saree early in the morning.
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Sow Miya said: (Thu, Oct 20, 2011 03:56:40 PM)

MNC's develop their countries by our peoples hardwork. if we show this interest & hardwork to develop our country we would have developed years before. all our people are working there in MNC's for long hours for low salary. the MNC's are gaining profit by paying 1/10th of their men's salary. it is true that India has developed in many fields due to these MNC's but, if there is no MNC's in India we would have another source for our development.India is leading in resources but we are lagging in utilizing it. our nations backbone is agrculture it went down due to these MNC's.we should develop our agricultural field & other fields through our Indian industries & technologies. government should pay attention on our own technologies & industrial davalopment and should encourage our people to improve not the forigen companies.
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Bharat said: (Wed, Oct 19, 2011 11:14:40 AM)

As far as I'm concerned, MNC's provide better living standard, employment, better technology, global thinking etc. So it is good for Indian society. But if we see they gain lots of profit from India. The outflow of money is greater than inflow of money, this will harmful for Indian economy. So I want to add this point that government should encourage Indian company to give better product and technology, govt should provide them more opportunity, that will help in reduction of outflow of Indian economy. N people should buy product from Indian companies because Indian companies are also having standard products. And I would also like to say about agriculture cndition in India. Most of companies are depends upon the agriculture too. So Government should encourage the farmers to go for commercial crops like cotton. That will also increase the standard of farmers.
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Debdatta said: (Wed, Oct 19, 2011 12:13:35 AM)

So Friends. All of us should nt go along the +ve effects of MNCs only we should keep in mind that the profits we gets from MNCs are much much less than what MNCs get from us. Do you really think that we the INdians are exactly valued?If yes then why we are working with our full competencies and ultimate effort to get less paid than them?why India works in less labour cost?Are they more intellegent than us?Are they give much more supernatural effort than us?Then why are we doing same work with less pay?And after all our harkwork is creating lost leadership market in there countries. Are we all fool and blind?Dont we see that after all these their poverty level becoming less and our becoming more. And still we remains still among developing countries and they becoming more developed. So do you think this difference will ever reduced if we move in the same way?So Friends apart from all benefits see how many people are not getting fooding in India and how many of them are not fed in their countries. Think. And Love your country more than any others. :).
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Shashank Sharma said: (Mon, Oct 17, 2011 01:49:58 PM)

Hi All, You know that our country India is a developing country and have huge popoulation and unemployment and if we talk of MNCs, I think MNCs act as a window through which we can see the world because these are MNCs only my friends which can change the wood into our doors, the glass or mirror into our windows, which can change the soil into brick and bricks into our great great walls. Today because of too much competition MNCs are giving employment to our people not only in manufacturing but also in advertising. In this world my frinds, everyone is hankerig after money because it has become the modern god and MNCs are making money because it is there right. They are making money not by looting us but by giving us different type of products it depends upon us that how much preference we are giving to there products, they are not forcing us at all.
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Akhilsharma said: (Sun, Oct 16, 2011 12:49:40 PM)

In my views I think people afrading from competion lets MNC as threat. In today scenario, no country confined itself from the outside world, the same thing India tried to continue its econommy close till independence untill 1991, when the increased difference in balance of payment let the country to bankruptcy, provokes policy maker to open the gate for foreign investor. People usually afraid MNC bacause its efficiency and competency to manage work and offered product and services that meets the developed world standard. The days where gone when people thinks that mnc only aim is to earn profit. Now due to technical advancement the world become globalised the csr and customer relationship concept are taken in India through this companys. Fdi and fii impart huge capital inflow to the country domestic businesess. This helps to create employment and enhanced living standards. The foreign country are not benefiting through globalisation, but hundreds of Indian companies gone global by adopting to compete fierce competition faced during this discourse. Videocon, airtel, wipro, infosys, Dr. Redys lab, jsw steel, tata steel, essar industry are the glowing names that becomes world brand. Atlast I want to conclude that the main benefit goes to consumer as the world class product come into his reach and he is the only one who determines which product should be produced at what price.
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Kanikaa said: (Mon, Oct 3, 2011 01:08:14 PM)

Well according to me I don't think MNC's are bane to our country. And the reason very simple today almost everyone id dreamin for google, microsoft, intel, yahoo etc, nd noneis dreaming for domestic companies. Why ? because better scope, future, standard of leaving is lying within MNC's.
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Sonam said: (Fri, Sep 30, 2011 03:02:21 PM)

From 1950 to 1991 India had a closed economy. There were no foreign players due to the license raj, infant industry protection and import substitution. At that time the domestic industries had ample time and resources to prove themselves and turn into profitable companies. But inefficiencies were present in all sectors and due to the lack of competition the domestic industries exploited consumers. However after 1991 i.e., after liberalization of the Indian economy, the scenario has completely changed. Consumers are the kings now. They are getting best of the products. Due to the increase in the FDI, India is growing at a very high rate; the disposable income, the standard of living, employment is also increasing. To stay in competition the domestic sectors are also performing to the best of their abilities. Ya there are some areas where the presence of MNC's has been a bane for the Indians. Baygon spray is banned in Germany because it is supposed to contain some carcinogenic elements. However no such law prevails in India and it is regularly used in many households
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Jazzz said: (Wed, Sep 28, 2011 03:08:46 PM)

I believe that as everything has its pros and cons, same can be found for this. MNCs no doubt are a boon for the Indian economy but they also act as a bane. The unexploitation of all the resources is a major concern for us. Moreover, there are times when companies invest obsolete technology of their countries in INdia and we consider it to be the latest one. I believe that positiveness and negativeness goes together. With the advent of globalisation at its peak, the government should frame policies in protecting the economy of our country and so complete yes or no for MNCs cannot be said. !
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Sunil Chourasia said: (Tue, Sep 27, 2011 12:14:25 AM)

Hi friends, MNCs are not devil in disguise. When MNCs start their operation in India, they have to hire Indian people to successfully run their business in India. In this way they create employment opportunity for Indian people. Unemployment problem which is a biggest headache for our govt, is (to some extent) addressed by mncs. MNCs also bring new technology in India. They increase competition in market. Competition has its own advantages. Due to cut throat competition, companies keep innovating their product and services & offer their products & services at a very competitive rate. MNCs pay taxes to govt which is utilized by the govt for the welfare of people. They share technology with Indian companies when entering into joint venture with Indian companies.
Rate this: +93 -3

Pavan said: (Mon, Sep 26, 2011 02:31:56 PM)

MNCs have really played an important role in our economy. My point of view MNCs are not devil, If MNC's will develop like this will directly effect on country wealth by their tax return policy and others, MNC's can enhance business competition leading to high quality services and cost reduction, and it is also helps in developing rural areas, employments. Thus I think its good for a developing country, to create some healthy competitive market by supporting mnc.
Rate this: +4 -0

Kumar Ashish said: (Mon, Sep 19, 2011 11:34:56 PM)

I disagree that, MNCs are devil in disguise, MNCs play a vital role in shaping the career of the new one. It provide a world class platform to do better in their respective jobs. However they take more work in comparison to govt sector, but they are ready to pay wages for this. They promote their employee readily, if you have a merit, MNCs use sophisticated technology, and so it is easier for their worker, to produce more products in less time. MNCs give new direction to the economy of any country.
Rate this: +17 -2

Prabhjyot Singh said: (Mon, Sep 19, 2011 10:28:03 PM)

Firstly I want to say that the mnc's are not a devil in our society these are the best standard of our society and increase in their numbers shows that India is developing instead of this mnc can paid according to the talent of a fresher and according to their degree. They also make us strong economically and we can say that mnc are the base of our developing country.
Rate this: +5 -2

Sachin S. said: (Sat, Sep 17, 2011 03:19:10 PM)

Hello friends, we all know India is now big market for the multinational companies. These companies are investing more money which is really helping us for making our economy strong and also creating job opportunities for us. Because we are having more population and in compare to that the opportunities are less which results into unemployment and poverty. I think MNC's are really helping to minimse unemployment.
Rate this: +36 -1

B.V.Krishna Aditya said: (Fri, Sep 16, 2011 07:36:23 PM)

I disagree that Multi-National Companies are devils in disguise. The way we look at it, MNCs today are becoming one of the most favorite destination for graduates. This is because of the level of exposure they provide for the fresh graduates which play a vital role in shaping the career of the freshers. Hence it is a good sign to be associated with them. On the other hand, these firms do business with India not because that they like India but because of the presence of young and talented Indians who work for comparatively less pay. This makes them outsource their projects to India and other such nations. We can conclude that MNCs are both opportunity providers and growth oriented firms which actually cannot be considered as devils.
Rate this: +12 -5

Ravi Vedwan said: (Tue, Sep 13, 2011 02:06:16 PM)

Hi All, You know that our country India is a developing country and have huge popoulation and unemployment and if we talk of MNCs, I think MNCs act as a window through which we can see the world because these are MNCs only my friends which can change the wood into our doors, the glass or mirror into our windows, which can change the soil into brick and bricks into our great great walls. Today because of too much competition MNCs are giving employment to our people not only in manufacturing but also in advertising. In this world my frinds, everyone is hankerig after money because it has become the modern god and MNCs are making money because it is there right. They are making money not by looting us but by giving us different type of products it depends upon us that how much preference we are giving to there products, they are not forcing us at all.
Rate this: +45 -11

Souvik Mishra said: (Mon, Sep 12, 2011 02:28:12 PM)

Multinational corporations have boosted up our economy like no one else not just by creating job opportunities and providing services but also have exposed India's business strengths globally. The LPG policy was very much effective in bringing on various foreign MNCs to invest in India. After all India is a growing market with a billion people having various demands. And with the growth of indigenous multinational companies India has been able to show its entrepreneurial capabilities like Infosys, Wipro and all. These have not only helped in outsourcing of our services to various global destinations but have also created opportunities of "Reverse outsourcing" by setting up various functional units abroad. this has not onl provided jobs to our people but also to foreign nationals. This era really is quiet a boost for our economy as well as our nation.
Rate this: +15 -2

Jay Jyoti said: (Fri, Sep 9, 2011 07:11:35 AM)

Friends I agree with you but according to me multinational companies are enter in India after liberalization and globalization in 1991. It was good for the development of the country we export so many things to all over the country like sugar, tea, jute rice, etc. Which help in generating money and economic development, After entry of MNC we get so many variety of product in reasonable price and in good quality they provide so many job opportunity for the people of India and by this people develop standard of living. I am going to conclude that entry of mnc is good for middle class and lower class family 37% people are below poverty line the are not able to purchase some brand due to high price but they purchase some other brand with same feature in low price example Nokia mobile which is costly but chaina mobile which is less costly then nokia.
Rate this: +9 -14

Deepika said: (Thu, Sep 8, 2011 03:05:31 PM)

Hello friends, According to me MNC's have increased the Carrier psospects in our country. India a land having a population of more than 2100 billion surely needs more and more job opportunities for its youngsters and MNC's have provided us with it as everything in today's world depends on having a decent job. Besides the quality of products have also improved and has also increased the sense of competition. Thus the national companies in order to have profit will surely improve the quality of their goods which will be beneficial for the common people. And healthy competition always leads to something very good in the long run. But if we look at the disadvantages, we can see that as a result of growing MNC's in our nation has national revenue goes outside the country. Besides they always provide employment to the best of brains of. This indirectly hampers the nations progress because such intelligent persons otherwise could be made to work for the nations welfare.
Rate this: +23 -8

Ajitpal Singh said: (Wed, Sep 7, 2011 11:24:19 AM)

I think MNC'S plays an important role in our economy but don't you think their only wish to earn money. They are here to earn money and not for the CRM and environment upgradation. Well they are giving better options for employments but they also ruined the businesses of many. They act like a debonaire but they want money only. But I feel domestic companies should upgrade their self to face the competition. The companies which are operating in India mostly are consumer goods companies, govt should work on such sectors which improve are condition of exports. As are imports are high and exports are low.
Rate this: +11 -1

Srs said: (Tue, Sep 6, 2011 05:32:59 PM)

If high quality. Cost effective easy available products are enjoyed and consumed it is due to MNC's. They brought the sense of competition, not giving a chance to take the monarchial lead to any of the players in that segment thus benefitting the customers at the end. Ofcourse increase in employment, economy, R&D, quality are some of the most improved factors which a country looks forward for its development.
Rate this: +4 -3

Shruti said: (Mon, Sep 5, 2011 01:34:27 AM)

One very important point we are missing is the corporate social responsibility being followed by the MNCs. It is only the MNCs who have taken keen interest in being a part of the CRS and have been major contributing factor in the upliftment of the standard of living in villages and other backward areas. The government companies and small and medium enterprises on the other hand have always been in the forefront in making big promises. But when it came to the real delivery of those promises, they showed no signs maybe because of the lack of funds available or rather to be frank-the intense corruption involved..
Rate this: +7 -5

Ram Krishna Karunakar Reddy said: (Sun, Sep 4, 2011 12:59:36 AM)

Well its not really a evil cause, just think of why can't we safeguard the advantages overcoming the disadvantages and its the role of government too. Should take care of drainage of wealth to the foreign countries. We have to rotate the lucrative profit for the development within our nation itself and care should be taken that it should be helpful for all class of people. So now the trend rise to branded products of our nation, then the business and market will be within our country and will have a positive look exports will certainly rise up!
Rate this: +2 -4

Sumeet said: (Sat, Aug 27, 2011 05:58:45 AM)

Hola guys I know you guys are aware but still would like to inform you MNC'S are backbone of our economy as of now 33% which is huge and lucrative. And it is all due to LPG 1991. And the main reason of MNC development in India is because youth ration in India is 61% which is way higher then the other countries which provides availability of excellence and talent.
Rate this: +16 -2

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