Question

What are the Key Reasons for the Growth of MNCs

Answer 1

key reasons:

To Operate Closer to Target International Markets. ...

Gaining access to lower costs of production. ...

Avoiding Protectionism.

Step-by-step explanation:

Answer 2

• Competitive market : There are more than 40,000 MNC's currently existing in India. Competition among companies create rise in good quality production.

• Huge population : The country carrying 1.3 billion population acts as a blessing here. As this huge number creates more demand to be fulfilled by the industry and the companies are always in a more or less profitable position.

• Skilled IT professionals : A very large number of skilled Indians have been working in India and other foreign countries as well.According to a report more than 40%, IT professionals serving in USA are Indians.

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