Multinational Corporations: Are they Devils in Disguise?

Hi, the MNC investment is the immediate need of the hour. Because it provides more Employment, enough technical skills to all the budding engineers who will get enough innovative ideas about the recent technology. As our beloved Prime minister SAID, " MANUFACTURE HERE, SELL ANYWHERE ". MNC's which provide enough share with the country, will help in increasing the purchasing value of the money.

Hello Friends.

Multinational Corporation (MNC) having business in many areas like BANKING, INSURANCE, MANUFACTURING, MARKETING, AUTOMOBILE INDUSTRIES, IT COMPANIES.

I AM NOT AGREE WITH DEBATE TOPIC, SINCE EVERYTHING HAVE PROS AND CONS.

Lets discuss process of MNC.

1. India is a developing country so it need employment of every citizen. MNC have business in many area and they (MNC) provide a huge number of jobs with attractive salary.

2. The GDP of the country also depends on the per capita income of the nation and when people have job in their hand GDP will automatically increases.

3. They (MNC) comes with new technology culture and this make a positive impact over the Indian people.

4. They are also credited for the import, export of goods, culture, education, science, technology from one country to another country.

5. MNC play a major role for bilateral tie between the country.

Here some cons of MNC.

1. MNC brings corruption, since they (MNC) are extreme choosy about what they want, they (MNC) do not care of health of employee, falling of rupee. Every time they (MNC) make their best effort to make all situation in their favor.

2. Small scale industries business man are being defeated by MNC. Since MNC have better technology, better tool to boost their business and they fulfill customer need and satisfied customer as compare to the Indian business.

3. They play a minor role to destroying Indian culture.

4. Drain resources from the country.

Hello friends.

Everyone wants profit in their business. Is their anybody who doesn't want it?

I think there will be no one like this. MNC's have total grip on today's world economy. They control each and every aspect in the economy. Their sole aim is to increase their profits, expand their business, modernize their machinery and managerial skills.

But besides this they are providing employment to many people. It can bring the capital from the world banks or can separate a share from their profits. They provide sophisticated training to managers in that country. It increases country's foreign exports and decreases export which in turn helps to maintain foreign receipts and payments. It also provides scarce goods in a country at a cheaper rate by importing raw materials from other countries.

Thus MNC companies try to reduce regional imbalances and puts its best effort to the growth of the world economy.

Hello friends,

I personally believe that MNCs are like benediction in the darkness in our nation, they lend their helping hand to the unemployed people of India with better package and other facilities. So why we Indian unemployed (specially with general category) wouldn't go to grab this opportunity.

Some people has already raised some points against the MNCs but if you think carefully then you would get that ultimately it is beneficial and it is leading us towards the development. Another important thing is, the MNCs are grooming our youths with a good work culture and good management and economic sense as well in compared to any other Indian companies.

And lastly, don't forget it also brings the foreign investments.

Thank you.

If we depend on the MNCs too much then it will be a problem. MNC are listed in other country and they just doing manufacturing or providing services in our country but the real money is flows from our country. The profit increase the other countrys economy to greater extent.

Its totally correct to say that everything has its pros and cons but how far is it correct to say that MNC's are the one who has build up our nation? Yes they do have created employment of course but they have exploited our small scale industries and handicrafts too on the other hand.

Hello,

I am not so learned person & not knowing in detail about it then to I think it never disguise.

Yes, I am also agree that MNCs are not devil as they bring foreign investment to our country & also providing employment opportunities to unemployed persons. As each coin having two sides, same with the MNCs.

It exploiting the workers in many ways: Giving stipends in compare of their work, etc. But then to it is beneficial. Due to corruption it looks devil but it is lies in every department, In fact it is at each step.

Hello everyone,

Due to globalization, economy is growing faster. MNCs are part of globalization. They invest their money and use resources of host country and make profits out of them. Those profits are taken over by MNCs to their parent countries. In the due course the host country is benefited in several ways such as employment opportunities, availability of good and services which are otherwise not available at such fair rate and quality, government getting taxes, etc.

And we should reap the benefits benefits instead of avoiding it. In order to get benefited, there should be some repatriation restrictions of profits earned by MNCs. If we are against to MNCs and FDI, we are definitely going to lose more, rupee will depreciate further, adverse balance of trade, etc.

MNCs are having both pros and cons of course, as everybody said:

In my point of view, the positive side is, MNCs are providing jobs to lots of individuals and they deserve it too. Hence they can improve their lifestyle and their career so faster as compared to the people working in other companies.

Still, there are lots of demerits than advantages. Because the people who are providing jobs to individuals, are mainly aiming for their profit. Yes ofcourse every company's work for the profit but these people are going much extreme in earning profit. And everybody know this. Due to this, our economy has been exploited and our heritage too. This is the leading impact of it.

And hence I say "MNCs ARE MUCH DEVILS AND LITTLE DEVILS".

In my point of view, MNCs are the dreams of IT students, because most of the MNCs companies are hiring IT students.