Multinational Corporations: Are they Devils in Disguise?

In a country the total economic empowerment and development of GDP solely depend upon inflows of currency, the current account deficits will be narrowed only due to inflows of huge currency the inflows can't be as huge that required for a country's economy unless a MNCS that may be foreign or indigenous has not invested in a country.

Companies are the driver of economy the country will be more developed only when it will be industrialized. This industrialization can't be done only with our own company. Some foreign partners are also required to increase the competition and more inflows. Yes some action should be taken to control these MNC from outside. Some policy should be developed so that the MNC should not use our resources to develop their own country.

All the points have been discussed here, but there's one left which I want all of you to get aware of.

The biggest disadvantage of huge number of MNCs coming in India is the falling of Rupee. ! We talk about brain drain. , but what about WEALTH DRAIN. ! The wealth of country is draining like anything to other countries. MNCs have dominated the Indian market.

This is highly increasing the cost of going overseas, whatever the purpose. , It is especially creating problems to students who want to study abroad. !

So dear people please, "BUY INDIAN, BE INDIAN".

As, we talk about MNC's, every case two coin has two side,

When we see at brighter side, we see there are many plus points like.

1. Life standard.
2. High salaries.
3. Platform to prove our self.
4. Increase GDP rate of our country.
5. Increase employability of our country.
6. Change people vision, due industrialization.

Darker side.

1. Effect on employee health, due to late work, tension of completion task before deadline.
2. Lead to corruption, as we seen in films.
3. MNC'S only thinks about their profit, they don't think about honesty, health, problems care they only profit.

The major concern behind MNCs is they aim their profit irrespective of the nation and economy of the nation. We can see this that all sectors are now toppled by MNCs (except few Indian brands) by acquisition, merger etc. So it can be said that control of nation's business is in the hands of MNCs i.e. nation is dependent on them. Initially, their products can be bought at low prices but after attaining the market share their prices go beyond sky. This is seen in many of countries. At any cost, we cannot handover the control of our economy to these MNCs.

Regarding employment, they create employment opportunities to few as compared to people getting unemployed because of them. Can't these companies be equated with new East India Companies? This is food for thought of all Indians.

Multinational companies are disguise devils in some way but mncs are not totally devil as they provide the jobs to the unemployment peoples so they act as lord for some people. The devils face of mncs are they always thought about their profit. They does not thought about the profit of their customers. They always want to cheated the customers by mixing some unwanted things to the customers. That is the mainly devils face of multinational company. But all mnc are not behave the devil for their customers because they thought about their profit as well as their customers profit that is important. That`s why growth of this type of companies is very well compare to other companies. So this type of company does not have a disguise face.

I would say they ain't Devils rather angels in disguise.

How could we blame them for setting up bases in our country and letting people help earn good money and also give a good share in nations GDP. They are in fact providing a good platform for us to explore us in to outer world. They also boost Indian companies to compete against them by providing good quality service, which in turn would lead Indian to thrive towards giving good service.

Hello friends. Its a fact that MNC's only motive is profit, but I have a question.

Don't you think that each and every individual wants profit. We all know people won't pull up their socks to work hard unless and until they are profited. In a similar fashion MNC wants profit, but what's the harm if our nation and MNC both get profited. Practically its good that our economy is also prospering with the help of MNCs.

These multinational companies brings employment they also create competition which is really required to improve the quality of goods and ultimately the consumer can have access to goods at reasonable price. During recession our economy was drastically going down but it was MNC which pulled the nation from this trench. MNC's are profusely responsible for the development of infrastructure, lifestyle of people, status and so on. People though have to work hard in MNC's but they get handsome salary as well. Friends we all know the intensity of corruption in our country and also the numbers of people who avoid paying taxes somehow and consequently the exact revenue which is supposed to be generated never reaches the government MNC's plays a major role in the generation of revenue in the form of tax.

I do agree that there are many problems like corruption, hike in price etc occurs due to the activities of MNC's but there is hope that we can handle it if we implement some laws which can prevent amiss caused by MNC's. If MNC's are the devil in disguise then it is obscure that how the entire nation is being benefited by MNC's.

Yes they are devils in disguise, they might be providing jobs and paying huge amount of Taxes to governments but the big question is are they here for social work ? answer is no. They simply comes to earn Huge profits. What they brings with them ? only Money and uses our resources our manpower and makes profits. The more these companies earns the more their economy rises and our economy degrades.

Why ? because economical growth of nation depends upon the growth of their homeland companies here our homeland companies are either bought or destroyed by MNCs. Which makes us fully dependant upon these companies. The only solution to tackle these devils is to preserve a minimum 60% quota of market share to the Homeland companies this will help in a healthy competition that will result in growth of both our Homeland companies and our nations Economy.

Hello friends,

MNC is not the devil because not only it provides high comforts and benefits to the people these made our country noticeable around the globe. But in mean while it must not restrict its vision towards profit, it should also interact with the society by helping in some or the other way.

Hello friends,

I have read many comments with pros and cons of MNC's. I would love to give mine too.

As per my view MNC's are not devils. Because every company is established to earn some profit and as they are investing more they have the right to earn profit.

Yes, MNC's are recruiting students from top colleges/Universities. But also they started recruiting from others too. If a student who ever is studying in top university might worked so hard to get admission over there and he deserves this.

As many friends already stated, every coin has two sides.

MNC's are well contributing to GDP and developing excellent infrastructure and because of these MNC's new technologies are well adopted here. They even providing a huge employment and handsome salaries.

During 1990's when Indian economy is growing at snail speed, these MNC's hastened the growth.

Some has stated the employment given by them is very less. I agree, but as a company they can employ as per their need.

Also a few said they are working only for profits. May be, as a company they will earn. But as per Government rules CSR (Corporate Social Responsibility) activities are compulsory and MNC's are following now.

Some said MNC's are not allowing small scale business to develop. I completely disagree with this. Because this is a competition world and they compete for their existence. Though if MNC's are not there, we are not sure Indian giants like TATA, Reliance, Birla's etc. , would encourage small scale businesses.

MNC's also having dark side, because of whom scams are happening. Also remember Indian MNC's also involved in the same.

Not talking about MNC's, let hope Indian Government May bring some regulations which encourage entrepreneurship and small scale businesses.

Thanks. !