Multinational Corporations: Are they Devils in Disguise?
Points to remember before you participate in this discussion:
|Vishakha Rao said: (Jan 21, 2018)|
|In my views, Multinational corporate sectors are good in the sense of government services they provide a job to unemployed people to the lower society part of our contry.|
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|Anushka said: (Jan 1, 2018)|
|Mncs as we all know are corporations that are operating in one or more country other than their home country. As every coin has two sides mncs too have some positive and negative aspects. Positive aspects include.|
They provide high salary and additional perks.
They provide advanced and sophisticated technology.
Indians can get through globalisation only through emergence of mncs.
Negative aspects includes;
We have lost aur culture and values in midst of mnc culture.
We have lost our wealth of manpower to citizen of foreign countries.
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|Nikhil Doohaan said: (Dec 22, 2017)|
They are just businesses only at a larger scale or small business amplified.
So let's apply this amplification process to every aspect of that business the basic being making profit for a company it doesn't matter how they are getting money until unless it is illegal, so they don't care if they are being devilled until unless the money stop flowing in.
So amplifying this will lead us to a conclusion that yes the devil in Disguise, the devil only interested in money.
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|Ankita Karmakar said: (Dec 22, 2017)|
|Given this topic to discuss, I would like to first state the age-old saying change is the ultimate constant. In this era of globalization, welcome international relationships and working in sync with the global market is the need of the hour. The establishment of MNC's has created a core zone of employment among Indians. Having headquarters in some foreign land these MNC's offer the opportunities to its employees to get transferred for short or long duration to other countries, resulting in greater career prospects, global utilization of an Indian resource. Sundar Pichai is in the list of world's most successful businessman, he too belongs from India and is today making India proud with his success on the global platform. Moreover these MNC's pay taxes to the Indian government, which is a great cash flow to the Indian economy. Infact, in US or other countries where their headquarters are situated, a large portion of their workforce are Indians who are making prospective careers abroad. One negative impact that I can list down here is the increasing pressure that these MNC's impose on indigenous industries. However, I feel any competition should be treated in a healthy way and success can be more cherishable when achieved in a challenging environment.|
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|Roberto Stasi said: (Nov 13, 2017)|
|There is something wrong in the MNC that needs a real study from people around the world. Too many things are not clear enough and it is not clear to everyone how the MNC without corruption need to work. Actually, I don't even know if there is an MNC without corruption these days or if the MNC is the real devil. All I know is that I was a witness of an MNC that shut down every business outlet of its franchise system. |
It was and MNC selling electronics, like watches, calculators and things to bring at school. I don't recall all of the articles. I was in Canada at that time and I did ask the owner why he was shutting it down. He said "I am doing good profit and they force me to shut down because the head office is shutting down". I was very surprised. I don't understand the real reasons why a franchise shuts down a store when doing good and all I can think about is this: if there is mafia they shut it down.
This is only my theory. How would anyone know if there is mafia. I assume that the owners of too many franchise stores are selling products with brand names that a franchise system does not want. In this case it could be Seiko, Sony, Panasonic, etcetera. In a food based franchise system it can be Nutella, Italian salami, prosciutto, mortadella, pasta and things of this kind. My own idea of a franchise system without corruption was that a franchise does not want to sell anything meant to be sold into small stores because it attracts mafia and it brings, probably, counterfeit products into the brand names. I did notice that a food based franchise system, a grocery store, sells very different things in Italy that were not sold in Canada because here in Italy you find easily Italian products of well known brand name.
Amazon is also selling italian food and many other MNCs did introduce italian brand names or high quality electronic products that are meant only for the professional sector and that were usually sold in small stores. If my theory is true this big corporations are all set to their own destruction because they are stealing jobs from the small business and probably keeping mafia connections. My theory is supported by the fact that when a franchise name does something wrong they begin to brake rules: renting a space to another business (i.e. McDonalds selling italian pizza); replacing logo color and design, replacing forniture or style with a different style. Those are all signs of mafia sneaking into the franchise system and turning it into the devil.
The devil exploits those who supply the product, it enslaves them by purchasing merchandise at a very low cost that is impossible to make money with; by removing them from a list if they do not obey their request and organizing with the working word to destroy economically someone that does not comply with their request.
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|Saswati said: (Oct 5, 2017)|
|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.|
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|Apoorva said: (Sep 9, 2017)|
|Multinational corporations opportunity for one and threat for other. There are many aspects whom multinational corporations affect. Business class especially small and medium size business and start-ups have to face problem due to multinational companies. They have to face increased competition. Reduced return followed by reduced earnings. They have to fight for their survival for even short run. They have to struggle with large size domestic company as well as MNCs. Whereas job-class gets job opportunity, secured future, better living standard. And most importantly consumer get benefit of more variety, cheaper products and services due to reduced price. MNCs effect economically as well as socially.|
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|Aishwary57681 said: (Sep 5, 2017)|
|The concept of MNC came into India along with Britishers. The first India MNC was the East India company which was run by the Britishers.|
At present, there are many Multinational Corporations in India running successfully in India. This MNC has increased the job opportunities in India and helped India in connecting with the world.
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|Saarah said: (Aug 17, 2017)|
|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.
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|Krishna Kumar said: (Aug 5, 2017)|
|Hi guys, |
Multinational companies are not. They are providing so many opportunities to develop the country along with that it provides more employment opportunities to us. For example, if you see the govt sector, there if u want to get the job, you need to put more efforts and there scst, general, etc. but this method is not in private sector. If anyone has basic knowledge, they can easily get the job but they have to work hard and improve their performance. Based on that they can get knowledge and promotion but this method is not in govt. sector.
MNC's are helpful to develop our country by launching new products and distributing it to the market. From that, they will provide a huge tax to the govt. In this ways, MNCs are helping to grow our country.
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|Manisha Paul said: (Jul 30, 2017)|
|MNC companies gives many employment opportunities to evry qualified people. Salary package is quite ok. But it also has some drawbacks. We have to work for some other country. We become slaves to them. Work pressure is high. We have to work for from morning 9.00 am to 9.00 pm. By this stressfull work, we get depressed, tired, family life has been affected. Health issue had occured. Salary is high but work pressure is more. No holidays will be provided except one day in a week. Especially women has to suffer a lot because before marriage their night shift work is ok but after marriage their husband and mother in law will not accept the night shift. After the birth of baby, they do not have time to take care of their babies. Both husband and wife has to run run to make their living good. So I conclude my saying that MNC is not suitable for people. Thankyou.|
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|Uttara Deb said: (Jul 13, 2017)|
|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.|
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|Anamika said: (Jun 23, 2017)|
|According to me, MNCs are a boon for our economy. It brings new technology in our country makes market more competitive, provide more employment opportunities with good salary package. Provide quality product at low cost, improves standard of living. Yes, there motives are only to make profits and is a threat to sdomestic businesses. But if government comes with few effective initiatives like to make the working hours of MNCs less to make it less hectic and try creating equal competition amongst MNCs and domestic companies. Also doing this will ensure that skilled students from our countries do not migrate to other countries in oder to search for a better job with high salary package.|
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|Gaurika said: (Jun 22, 2017)|
MNCs are devil's for sure they don't make any profits for the country. I believe.
Cons of MNCs are:
1. They don't want the countries to improve their economic status but wants that their own benefits should increase.
2. Every MNC has the same mindset, " how is the market of the country to be occupied?".
3. It's not necessary that an MNC will give employment opportunities to the people, it will always try to somehow depress the growth of the country.
Think about it whether correct or not.
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|Neeraj said: (Jun 4, 2017)|
Actually whenever we try to make a plan to do anything so it is obvious that we get both advantages and disadvantages and after calculating a huge scale if we get more advantages scale than disadvantages so we keep on in the era. So if we have more and more advantages doing that particular thing than disadvantages so it is easy to take a decision that what is right and wrong to do. And if we talk about "Multinational Corporations" so there is a same situation with it I mean there are more and more advantages than disadvantages in many forms abide with MNC. This is a private sector which offers more and more jobs to them who are talented in their life and in other hand if we talk about Government sectors so its job scale is very low I mean hardly people get jobs in the government sectors so if there are not enough jobs so what will happen of all those people who are jobless so in this situation Multinational Corporations are blessings for people in this nation. It doesn't mean MNC offers fewer benefits at all even it offers more and more benefits to the candidates in their organisations. Like: Life Standard, High salaries, Platform to prove our self, Increase GDP rate of our country, Increase employability of our country, Change people vision, due industrialisation etc. And as we all know that our nation is developing nation so at this stage these kinds of benefits are useful to raise our nation very fast because a better employment brings us a lot of happiness in our life.
So over all I can say that Multinational Corporations are boon for the nation not Devils.
"Think bigger get bigger".
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|Soniya Choudhary said: (May 20, 2017)|
|As all the point have been already discussed here. I also would like to share my point of view. According to me, Multinational corporations have put a great impact on our economy but as well as it involves disadvantages also. |
The pros and cons of the multinational corporations are:
1. They provide huge employment
2. Bring new technology and invention to produce good quality products at low cost.
3. Due to multinational corporations, A healthy competition environment is being developed.
4. The taxes which are being paid by multinational corporations help to improve national revenue.
1. The moto behind the multinational corporations is only profit. So at some points, it's not good for our country.
2. They want to occupy market and it's put bad impact on domestic Business.
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|Andy said: (Mar 30, 2017)|
|It's good to have MNC in our country,|
#In the era of globalization we need to collaborate to benefit each others strengths.
# It gives opportunity to get the international exposure how the business succeed.
# This international exposure can be used latter for establishing startups and become Indian MNC with global footprints.
# Its generates the employment.
# MNC's Pays the taxes which can be used for the development of our country.
# MNC's presence Motivate local companies in the same field to enhance quality standards to the global level. Once Indian upcoming companies set up the global quality they can also start the Exporting to the other countries.
# Global citizenship is the next way of getting closer to each other to make the India developed country.
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|Bittu Singh said: (Jan 30, 2017)|
|As we all know, India is a developing country. There is lake of advance technology here, So if MNC, s set up their business in India, then is will be definitely beneficial to it.|
Before 1991 MNC's are not allowed to invest in our country, After that period it can be seen that India's economy and GDP continuously growing up very fast as compare to the other developing countries.
MNC's are beneficial to us in many points of view:
1. It offers a lot of job opportunities.
2. Our youths are learning their advance technologies.
3. It helps to exchange of cultures, civilization, languages, technologies, etc. And such things tie up the.
Whole world, which will take India to the DEVELOPED list.
4. It plays a very vital role in our fast-growing economy, GDP, and technology.
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|Devansh Pratap Singh said: (Dec 23, 2016)|
|These companies are so helpful for the unemployment people's or persons because it provides a very large no. Of employment by avoiding the caste and grades. It gives the employment only on basis of the talent. And by these companies, we have to get the training and experience for the future life. And we have to open an industry or a company ourself by own experience. These companies are not devil's for the talented persons because they very well know the value of the MNC company. So don't think about that INDIA'S MONEY ARE GOING OUTSIDE THE COUNTRY. Just think positive and look and think about your future life of your children as you got soon. .|
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|Sathish.R said: (Dec 19, 2016)|
|MNC companies are private sectors, private sector owners come for individual profit only, they do not have the responsibility to give job services for the peoples. For eg. (Coca-Cola, Pepsi, Hyundai company, tollgate collections, Aquafina, Kinley, etc).|
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|Rahul said: (Dec 15, 2016)|
India is a developed country but meanwhile, India is a most corrupted country. Also, India is a world 2nd largest population where youth is 60%. From 60% of youth, more than 30% are jobless. It's not because they are uneducated. It's because of In government job, opportunity and job vacancy are less. Also in government sector, there is reservation quota and therefore the deserved candidate did not get a job and reserved candidate gets a job.
So my dear friend MNC is good for India because MNC company gives the job to the unemployed people and also MNC company also do the project for government sector. If we work on MNC company we will learn and gain the experience and then after we can switch and we can create our own company and we will give the job opportunity to the Indian people.
"Soch Badlo, Desh Badlega".
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|Pritam said: (Dec 14, 2016)|
|Hi, MNCs are good for development of any huge populated country because only government sector can't provide job opportunity to such population.|
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|Aniket said: (Dec 13, 2016)|
|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.|
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|Kiran said: (Dec 10, 2016)|
First of all, we need to holdout the people who are willfully going to do jobs in foreign companies by providing facilities and support. Why! because we can see that most of our Indians are occupied higher positions in MNC (like Microsoft, Google, Pepsi and many more.
Imagine is these people are working in Indian companies how it will be?
And many of the companies are accepted the fact.
Thanks for reading my view.
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|Kiran said: (Dec 10, 2016)|
|At present situation government can't provide all employment opportunities to the people, there is a need support from through privatization (i.e MNC's). But it should take care of defects from MNC's by preparing proper laws and regulations.|
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|Neha said: (Dec 10, 2016)|
As we know that only 75% of Indians are educated and employment options are not many. According to my prospect, MNC's can't be pointed out as devils in disguise. Every coin has two sides. It has positive as well as negative aspects. If they are providing us jobs and services then it is nothing bad if want their own piece of the profit.
But it also increases the duty of the government to take care that MNC's must not violate any laws and employees should be well paid.
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|Sanjay said: (Dec 7, 2016)|
|I would like to share my views on topics -|
India's major portion of skilled employees and semi-skilled employees are getting better opportunities in the Top MNC and that is great to say and the other country making us of the situation by paying the 45 % approx pay per head when compared to wage rate at their country and our peoples also don't have a choices due to non-availability of the jobs as per their grades thus it is like a situation we are almost having either eat bread nor butter.
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|Midhun said: (Nov 30, 2016)|
In my opinion the history of slavery is repeating in our India at that time they made us their slave and now we are willingly becoming their slave by getting into the MNCs now the approximately 70% of Indians are educated from that 40% works for MNC and approx 95% of the population depends on MNC product Looking at these factors now we should look forward to our future when India becomes 100% educated then more than 80% will be slaves in the MNC, yeah its sure that at that period India will be a developed nation but think we will leave in a developed country which is controlled by foreign MNC and they will make us slave.
The freedom which we capture from them will be given back by us to them in that developed country.
Thank you guys for reading.
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|Saurav said: (Nov 20, 2016)|
First of all, we have to know that two third of our nation's software business run with countries like USA, China, Japan etc. This means that these MNC surely earn profit in a disguised manner.
According to Bill Gates if they stop taking employee from India then a new MICROSOFT will be developed in INDIA.
This means what we all Indians have that much of potentials that we can run our business of our own. We should focus that our revenue should go to our domestic market, not to other countries.
Thank you all for reading!
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|Loga12 said: (Nov 17, 2016)|
It's very good topic for me, MNC that not devils.
They are providing lot of positive things.
- Anyone got job they having better future.
- Its growth ours economics.
- Its a very good platform to learning and developing our skills.
- They have to deal with FDI easily.
- Providing unexpected salary for well-knowledge person.
Negative aspects its nothing but were always known workload and pressure is high,which is always affect physically and mentally.
- So kindly request to all please avoiding the workload and pressure,otherwise its a very good platform to who can got job in MNC.
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|Abhi said: (Nov 11, 2016)|
Just, I would like to say a few word about this topic in my point of view. Let's we think the present days in our universe is going to fast and getting an opportunity nowadays very difficult for us.
So MNC companies are giving a good opportunity for candidates who are coming out from through the different sectors from the Engineering colleges, it's the 1st step to starts their career in MNC companies. Getting a vast salary and the main advantage for working in the MNC companies is owning a more information from them to move a further significant step in our life.
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|Rapunzel said: (Nov 6, 2016)|
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.
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|Chiran said: (Nov 4, 2016)|
|According to my point, we are forced to choose MNC because of disguised unemployment which prevails. Yep of course mostly people are attracted towards handfull income but not all. We have talent. We can able to create employment opportunities in India itself. We still didn't recognize it. We like to be dependent always. This attitude made them exploit us more.|
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|Safa said: (Oct 27, 2016)|
I think you all have forgotten our history of independence! EAST INDIA COMPANY. SLAVERY.
How foreign companies exploited our human resources that time. The same thing is happening today. The only difference is that they are exploiting in a disguised way. Yes, I agree that MNCs are offering great job opportunities to engineers and attracting them with handsome salaries, their motive is only to make use of our resources and earn a great profit. And they are doing it. We Indians have to wake up. We also have brains. These brains have to be used by its owner :D. Not by foreign companies. The treasure of any country lies in its human resources. I am also an engineer. Yes, no doubt. I also want a good job. I wanna get placed in an Indian company to flourish it. Not in an MNC. Huhhh.
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|Sume said: (Oct 26, 2016)|
|In my point of view, MNC carryout business with ultimate object of profit making like any other domestic company. The investment level, employment level and income level of the host country increases due to the operation of the MNC's in India. Due to MNC's the country economy also get improved through Foreign Direct Investment.|
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|Abhay said: (Oct 17, 2016)|
|1) According to my point of view, the MNCs are providing employment to the unemployed ones. Day by day if we see the ratio of employment to unemployment is decreasing. The workers who were working at the ground level now have got a chance to rise and present their talents in front of the growing technology and nurture their talents with the aid of MNCs.|
2) If MNCs are related to agriculture we all know that India is a land of agriculture and if the MNCs are going to purchase crops from the farmers by some sort of way then in other means they are making the farmers move up and cross the level of poverty and unemployment.
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|Bonds said: (Oct 17, 2016)|
All MNC's are not same. Global market is a very efficient way of decreasing product rate and also beneficial for increasing quality. Beside country and country product is another concept of marketization. So whoever stands for country product is another employee or manager working to promote his product. Now the world is having enough opportunities to network with each other. It's time to have a world governance and world policing. For the betterment of all the humans.
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|Velappan said: (Oct 15, 2016)|
|Hi friends, according to my point of view, MNC companies should be stopped because some skilled persons get into it and adopted it. They never realize the power of them in particular field. This is not meant to criticize working in MNC.|
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|Aditya Kumar said: (Oct 9, 2016)|
|MNC companies are important to us because it somehow decreases the level of unemployment. Since we know that unemployment is the major problem in India so due to MNC's it increases employment rate. In recent day's the things are change as most of the MNC's want to set up their branch in India.|
ON THE DISADVANTAGE SIDE.
Due to MNC's our Indian money are going outside.
Exploitation of resources.
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|Ravi said: (Oct 3, 2016)|
|Hi, friends, according to me MNCs are not devil in disguise because our country suffering from unemployment because of high growth of population and very slow growth of industries. MNC provides us employment as well as they consumes our raw materials. And government put many limitations on those MNCs so there is no need of worry about it.|
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|Debashish Adhikary said: (Oct 1, 2016)|
|In my opinion, some of the MNCs such as Apple Inc , Coca-Cola and some of the pharmaceutical companies are devils. Apple overprices its products that have nothing special. According to sources, Apple appoints secret police in some nations so that no one can have a comparative advantage. Also, it has a large number of toxic wastes regarding post production, in China, workers had to work under dangerous conditions and some even died. Coke as you all know uses toxic substances in its products. And finally, many allopathic medicines of some MNCs are being banned. That's all I have to say.|
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|R.S.Veeramanikandan said: (Sep 30, 2016)|
|Hello, friends, in my point of view, MNC's are not devil. A country with open market is said to be in right way to progress. But the powers of MNC's should be limited by the policies of the government that make people of India are not affected by the MNC's. But the priority should be given to the own countrymen to start the business.|
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|Nipun Bansal said: (Sep 24, 2016)|
|MNC's are the devil in disguise. Because in our country, the unemployment is the major problem for our company. When we establish MNC in our country the problem is solved nd we gain knowledge nd experience. It should be beneficial for our country and startup India.|
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|Hari said: (Sep 23, 2016)|
|MNC's are not Devils in Disguise.|
1) By having MNC's in a country, can have more international exposure and to the technology.
2) After working in MNC's many gain experience and establishes startups.
3) Due to mnc's a countries economy can be improved through fdi.
1) Skilled workers are more interested working in MNC's.
2) MNC's are threat to the local business of the same type.
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|Sonu Yadav said: (Sep 21, 2016)|
|In my opinion, MNCs in India working for other countries. The MNCs for those who are highly skilled and educated. Since every MNC engaged in making a huge profit so they employ those people who are skilled from the money of Government of India. They are not providing any skill training to the youth of our country. Still, today more than 50% people are engaged in agricultural sector which requires non-skilled laborers. But not a single MNC is coming in the field of agriculture. A large number of farmers are attempting suicide due to heavy debt. They remain poor and those rich becoming richer and richer. MNCs are acquiring huge land of farmers instead of providing training to those whose land has been acquired they are hiring people from top IITs and NITs. Even there are many engineering colleges but they are not able to provide skilled engineers. Due to these MNCs the semi-skilled and street vendors, and other small traders are losing their ground. There are many cases of fake product made by these MNCs. The Government should be made rule regarding MNCs that they have to adopt at least one person from each house whose land they acquired and trained them to work in that MNC. Those whose don't follow this rule should be barred and impose fine. India is an agro-based country so government should encourage the MNCs based on agro-product to invest in the country.|
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|Rohit Kumar said: (Sep 20, 2016)|
I think that MNC's is not a devil. They came in a country for investments & income. They help's in the boost of the growth rate of the country. They give employment to the people. Some MNC's also do the welfare jobs for the country like social work, give education to the poor etc. In my opinion, it is a boon to our company.
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|Deadshot said: (Sep 20, 2016)|
|MNCs are not devil's in disguise. They are a boon to our country rather. With more number of MNCs coming into our country, it is benefiting the economy of our country. It is also playing a major role in abolishing one of the major problems prevailing in the country which is unemployment. Working in MNCs can also prove to be helpful for gaining knowledge and experience.|
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|Sumer said: (Sep 17, 2016)|
|I think as far as the government policies are right and in favour of people and do not let them exploit. MNC are good.|
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|Manvender said: (Sep 13, 2016)|
|MNC's are not the devil. They provide the employee with overall development, help industry through technology transfer, help maintain the balance of payments due to increase in exports and helps increase local population income which in turn keeps money flowing and economy growing.|
This doesn't mean that they are flawless. They sometimes leads to loss of local companies because of the huge risks MNC's can take but the local competition can't. But overall they are more good than bad for the host country.
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|Om Prakash said: (Sep 10, 2016)|
I am in favour of MNC are devils for India. Firstly I want to say that MNC is the backbone of growing country and increase the rate of growth. MNC provides gob for fresher and skill develop. MNC is required for nowadays MNC provides very reliable life style and comfort. And the opportunities is more in MNC and this day developing our country MNC ie devils our honor pm insist make in India and he wants manufacturing of the product is more in India so MNC is provided this require ment. I think MNC is the devil for growing our country and decrease the rate of unemployment.
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|Akanksha Gupta said: (Sep 8, 2016)|
|I don't think MNC's are devils in disguise. They are here just to make a profit, make money and to do business. That's it. They play a very important role in building nation's infrastructure. They also give job opportunities to the freshers, engineers, and many others. Also, knowledge and skills can be enhanced by working in an MNC. So they are removing the problem of unemployment (which has been prevailing in India for a long time), reducing poverty, economic growth of our country and ultimately our country is benefitted. Even if they are using Indian brains to develop and benefit their company, we people can also acquire their knowledge, skills, and strategies as to how to achieve our goals in the short period. So it depends on us how we tackle with these MNCs and take advantage from them. Obviously, if an MNC is doing business in India then surely they feel that Indian minds are much more creative and profound than any country's people. So it totally depends on us whether we will become a slave or become a master.|
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Globalisation refers to the expansion of economic activities across political boundaries of nations (Agarwal, 2008). It results in the economic progress of a nation and a growth in economic inter-dependence between two nations. Globalisation is growing rapidly in India, along with other developing countries like South Africa and China.
The benefits of globalisation to India
Globalization of multinational corporations have been bringing several new jobs to India’s destination cities such as Hyderabad, Bangalore, etc. The benefits of globalisation to India can be summarised as follows:
- Increase in employment: New jobs are causing naturally more of engagements and employments (Mohapatra, 2007). Special Economic Zones (SEZs), Export Processing Zones (EPZs), etc. are set up across the country for which hundreds of people are hired. Since labour is cheap in India, developed western countries like USA and UK outsource their work to Indian companies. This in turn creates more employment.
- Increase in compensation: Since globalisation, the levels of compensation have been higher than what domestic firms would have provided at similar level of professional experience and qualification. According to Knowledge at Wharton (2011), mergers & acquisitions rise due to globalisation. This leads to a change in management structure. Workers are pacified with salary hikes to keep them motivated during management re-structuring.
- Enhancement of living standards and increased purchasing power: A huge amount of wealth generation in these cities have been going on which is leading to the development of businesses and cities are also developing with higher purchasing power for those who are working with foreign organizations. Even the domestic organizations are encouraged to pay higher compensation to their employees who enhance people to live better quality lives indirectly (Held, 1999). Thus these cities are witnessing better living standards and also development in business besides economic growth in the city.
- Empowerment of Indian youth: Pride of working in global organizations has been on the increase among the young professionals and that has done wonders in increasing their outstanding confidence levels even in their early 20s not seen in any other age group (Lara, 2008). This is a wide positive fact in these destination cities and this is also trickling to the young professionals in other centers of growth.
This positive phenomenon with professionalism might give further a strong motivation to the Indian economy. Growth of commercial and housing real estate industry has expanded significantly. Thus globalisation has improved the overall economic status of people as well as the Indian nation, as a whole.
- Agarwal, M. (2008). Impact of Globalisation on Development. New Delhi: Deep Publications.
- Knowledge at Wharton (2011). Salaries on the rise: globalisation brings more pressure to India. [online]. Available at http://knowledge.wharton.upenn.edu/article/salaries-on-the-rise-globalization-brings-new-pressures-to-india/
- Mohapatra, A. (2007). International accounting. Prentice Hall, New Delhi.
- Held, D. (1999). Global transformations: politics, economics and culture. Stanford University Press, USA.
- Lara, J. (2008). Multinational corporations and the emerging network economy in Asia and the Pacific. Routledge, New York
Rajalakshmi Rahul is the CEO of Kalki Training Academy.She has four years of industrial experience as a telecommunication software developer. She is presently running her own educational consultancy, catering the needs of students belonging to both engineering and management discipline. She is a part of research and analysis team of Project Guru. She is a computer engineer with masters in technology management. She has graduated from Anna University and is a gold medalist.
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