Multinational Corporations: Are they Devils in Disguise?

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".

I think MNCs are better than government because MNCs hires talent, not grades or caste. Its the matter of developed and developing as MNCs are developed while government is still developing. So its good for working with developed companies rather than developing. Which makes a lot of difference. Sense of difference between salary, difference between lifestyle. Greater the salary. Better the future.

Multinational corp are not devils because they provide many opportunities to our country and helping us to get rid of unemployment. Our PM's MAKE IN INDIA project also supports the MNCs. MNC gives us platform to compete with other countries. MNC also helps in our economic growth and it gives our youth an opprtunity to perform their skills on global level.

Yes, it's not wrong to say they are eliminating the small industries but its advantages are more than its disadvantages.

In regard to this topic I would like to say that globalization has seeped in the Indian roots so much that it is inevitable and not desirable that any country like India can survive without these supporting pillars of globalization. Actually it has been started due to the low productivity, red tape and other issues like corruption also.

It has been observed that the productivity and profit has increased heftily due to the private companies coming into the foray i.e. PPP-Public private partnership. Some companies which are at the verge of going down the sustainable level, then these MNCs come to there rescue often with conditional.

But a large chunk o public sector companies are profiting form this. We can take the illustration of the coal mining. 90% of the coal mining in India is done by coal India which is a public sector owned company. Largely the coal blocks are allocated to them. The result is non-expedient process of mining which is a hurl back at the economy itself because most of the power generated in our country is through coal plus there are coal mafia also indulged. MNCs are giving lots of employment opportunities also to our young generation which are looking every time to have a job in public sector.

The added advantage of these companies is the transparent process of hunting the candidate. These companies has infused a sense of rapprochement with the outside world also, breaking the so there is also mutual cooperation and understanding. With the added advantage of FDI now MNCs can invest in Indian companies without having a second thought. Conclusively it can be said if India puts its manpower and resources to work in collaboration with the outside world effectively and efficiently that is can fuse a sense of reliability among Indian investors and also the world we see to it the Indian growth story.

MNC's have advantages as well as disadvantages. Advantages are goods are available at lower cost to the customers they get a lot of offers and discounts it also provides employment to the youth of our nation and helps in their career growth and development of the country as technological advancement is also welcomed along with the establishment of the MNC. Disadvantages include the small-scale industry and start-up business has to face a huge competition which leads to closure of the business. Mnc also helps in strengthening relationships along with other countries.

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.

MNCs as known they help our country in many ways but has always been a threat to many developing countries. Before MNCs came to India every people were working and many of them were farmers who worked for self-profit. But after MNC entered India, as known they used up our resources and draining all the industrial waste in the rivers and polluting them. India has a very large population and water is a basic need for us which is being polluted by many of these companies. Secondly, small industries are affected due to heavy competition with MNCs. Many farmers dying and the small industries closing their industries. There occurs unemployment. With many losing their jobs (because of MNCs) and joining MNCs as slaves only for the other country's profits.

JUST THINK OVER IT.

The term MNC by definition means, any company registered in many countries for its business purposes. Now whether MNCs are good or bad or us, needs to be.

Analyzed in two terms:

MNCS setting up business offices in India.

I find this definitely encouraging for our economy. Ours is a country with youth dominance. Unfortunately, we can not provide employment to all of them, so inviting some reputed international company to set us their business in our country is productive. Moreover we get exposed to the new technology, better processes and international competency.

But here, a certain checks need to be put.

Firstly, such companies should have an increased CSR mandate, so that they are Bound to give back to our society.

Secondly, there should be strict pollution control protocols. For it may so happen, that these guests companies have little consideration for our national natural heritage.

Thirdly, there are lot of complaints about work pressure in these companies, if this is really affecting the health and lifestyle of our people, Govt can set up a regulatory body there too.

Now we talk about our people working at different business location. Even this is good for our country. If our people are that talented, that some business giants are ready to invest in them, why should we stop them? Even when we can't do justice to their capabilities. Our folks working abroad can learn new technology,

Get exposed to better working conditions, earn a lot more, and learn new cultural things too if they are life enriching to make this profitable for our people at home, we can have increased taxes for them. If brain drain really increases, we can put a restriction on the number of years one can spend abroad. Our Indian people are so much talented, that we want to set certain policies with the MNC to increase their payrolls and to give back to our country,

They may happily oblige. If these are taken into consideration, MNCs can not be bad.

Hello All,

Establishment of Multinational Companies in India is definitely a boon for us. This is helping FDI which boosts up the rupee value in international market. There is a lot of business coming to India, which creates huge employment. India, being a nation with huge percentile of educated and unemployed population, MNC's stood as a one stop solution for all these problems. The educated unemployed people are the strength of our nation, when these people get employed, this directly boosts growth contribution from Services sector which indirectly boosts our nation's growth rate. The outsourced processes of Foreign nationals create job opportunities for unemployed youth here. His/her social status improves and therefore MNCs are indisputably beneficial for our country.

For me. No it is not the devil in disguise. We see in our country many multinational companies and we have many friends or relatives or neighbours working in those companies. So it is quite clear that it gives high employment to our youth. But we need to understnd their motives and their demand. When a company is run on private ownership the sole intention is to make a profit. And they will never tolerate any kind of non-performing asset in their companies. So as we change non-working machines for our own benefit. When employees become lazy or less competitive MNCs tend to replace them with better ones. So we can clearly understand that working in an MNC is highly challenging but there is immense growth opportunity and remuneration. If one can perform to one's fullest and update one's self along the company's demand. Moreover, these MNCs contribute in building India through their corporate social responsibilities. And govt earn huge amount as corporate tax from these companies. So, it depends on individual perspective. We all know the story of grapes being sour. Thank you.