Search
Home
Saved
21K views
1
Sign In
Upload
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
ANNASAHEB VARTAK COLLEGE Project on :
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY Submitted To:
Prof. Nair Submitted By :
Sign up to vote on this title
Useful
Not useful
Abhijeet Kulshreshtha
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Sign In
Upload
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
(1)
CONTENT Sr.No.
1. 2. 3. 4. 5. 6.
TOPIC
MULTINATIONAL CORPORATION MULTINATIONAL CORPORATION IN INDIA Advantages & Disadvantages Indian economy MULTINATIONAL CORPORATION Indian economy MULTINATIONAL CORPORATION IN INDIA Sign up to vote on this title
Useful
Not useful
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Sign In
Upload
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
(1)
CONTENT Sr.No.
1. 2. 3. 4. 5. 6.
TOPIC
MULTINATIONAL CORPORATION MULTINATIONAL CORPORATION IN INDIA Advantages & Disadvantages Indian economy MULTINATIONAL CORPORATION Indian economy MULTINATIONAL CORPORATION IN INDIA Sign up to vote on this title
Useful
Not useful
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
(2)
Multi National Corporation
A multination transnational al corporation corporation multinational al corporation corporation (or transnation (MNC (MNC/T /TNC NC)) is a corporation or ente enterp rpri rise se that that mana manage ge production establishments or delivers services in at least two countries. countries. Very ery large arge mult multiina nati tion onal alss have have budge udgets ts th exceed those of many countries. Multinational corporation can have a powerful influence in international relations and an local economies. economies. Multinational Multinational corporations corporations play an importan importan role in globalization; globalization; some argue that a new form of MNC i evolving in response to globalization: the 'globally integrated enterprise'. enterprise'.
What What is the dif iffe fere renc ncee be betw tweeen Mult Multii Nat Nationa iona Corp Corpor orat atio ionn and Tra Trans Nat Nationa ioSign nalupl to vote Corp Coonrpor orat atio ion? n?The this title difference is more semantics tUseful han aNot nyuseful thing els Multinationals operate in several different companies wil
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
others claim that the Dutch East India Company was th first proper multinational. (3)
Multinational corporate structure :
Multinational corporations can be divided into three broad groups according to the configuration of their productio facilities: •
•
•
Horizontally integrated multinational corporation manage production establishments located in differen countries to produce the same or similar produc (example: McDonalds) You're Reading a Preview Vertically integrated multinational corporatio Unlock full access with a free trial. manage production establishment in cert country/countries to produce products that serve a Download With Free Trial input to its production establishments in oth country/countries. (example: Adidas) manag Diversified multinational corporations up to vote onin this titlediffere production establishments Sign located Useful Not useful countries that are neither horizontally nor vertically no straight, nor non-straight integrated. (examp
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
(4)
International power :
Large multinational corporations can have a powerf influence in international relations, given their large economi influence in politicians' representative districts, as well a their extensive financial resources available for publi relations and political lobbying.
Tax Competition : You're Reading a Preview
Multinationals have played an important role in globalization Unlock full access with a free trial. Countries and sometimes subnational regions must compete Download With Free Trial against one another for the establishment of MNC facilities and the subsequent tax revenue, employment, and economi activity. To compete, countries and regional political district offer incentives to MNCs such as tax breaks, pledges o Signinfrastructure, up to vote on this title governmental assistance or improved or lax Useful Not useful environmental and labour standards. This process becoming more attractive to foreign investment can
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
totally different things are compared: the GDP of nations t gross sales of corporations. The problem with the compariso is that GDP takes into account only the final value, whereas (5)
gross sales don't measure how much was produced outside the company. According to Swedish economist Joha Norberg, if one were to compare nations and corporations then one should be comparing GDP to goods only produced within the particular company (gross sales do not take int account goods purchased from 3rd party vendors and resold just as GDP does not take into account imported goods). Tha correction would make only 37 of 100 largest economi corporations and all of them would be in bottom box: only 5 Reading a Preview corporations would be You're in top 50. Unlock full access with a free trial.
Market Withdrawal :
Download With Free Trial
Because of their size, multinationals can have a significan impact on government policy, primarily through the threat o market withdrawal. For example, in an effort to redu up to vote on this title health care costs, some countriesSignhave tried to forc Useful Not useful pharmaceutical companies to license their patented drugs t local competitors for a very low fee, thereby artificiall
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
intellectual property public in an effort to gain technolog for local entrepreneurs. When companies are faced with th option of losing a core competitive technological advantage (6)
and withdrawing from a national market, they may choose the latter. This withdrawal often causes governments to change policy. Countries that have been most successful in this type of confrontation with multinational corporations are lar countries such as India and Brazil, which have viab indigenous market competitors.
Lobbying :
Multinational corporate lobbying is directed at a range of You're Reading a Preview business concerns, from tariff structures to environmenta Unlock full access with a free trial. regulations. There is no unified multinational perspective on Download Withthat Free Trial any of these issues. Companies have invested heavily in pollution control mechanisms may lobby for very toug environmental standards in an effort to force non-complian competitors into a weaker position. For every tariff category Sign up to vote on this title that one multinational wants to have reduced, there Useful Not useful another multinational that wants the tariff raised. Ev within the U.S. auto industry, the fraction of a company'
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
(forcing a company to sell its local assets to the governmen or to other local nationals) or changes in local business law and regulations can limit a multinational's power. (7)
Micro-Multinationals :
Enabled by Internet based communication tools, a new breed of multinational companies is growing in numbers. Thes multinationals start operating in different countries fro the very early stages. These companies are being call micro-multinationals.What differentiates mic multinationals from the large MNCs is the fact that they are small businesses. Some of athese You're Reading Preview micro-multinationa particularly softwareUnlock development companies, have be full access with a free trial. hiring employees in multiple countries from the beginning o Download With Free Trial the Internet era. But more and more micro-multinationals are actively starting to market their products and services in various countries. Internet tools like Google, Yahoo, MSN Ebay and Amazon make it easier for the micro-multinational Sign up to vote on this title to reach potential customers in other countries.Contrary to Useful Not useful the traditional powerful image of the large MNCs, the micro multinationals face the limitations and the typical challenge
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Large number of multinationals are operating into emergin markets and at the same time a number of multinationals are coming from emerging markets. Professor Rajesh K Pillania is bringing out a special issue on Multinationals from Emergin Markets in 2008. (8)
Multinational Companies in India :
The post financial liberation era in India has experienced huge influx of 'Multinational Companies in India' a propelled India's economy to greater heights. Although, majority of these companies are of American origi but it did not take too long for other nations to realize th huge potential thatYou're India offers. 'Multinationa ReadingInc a Preview represent a diversified portfolio Companies in India'Unlock full access with a free trial. companies representing different nations. It is w Download companies With Free Trial accounts for around documented that American 37% of the turnover of the top 20 firms operating in India But, the scenario for 'MNC in India' has changed a lot in recent years, since more and more firms from Europea Sign up to vote on this title Union like Britain, Italy, France, Germany, Netherland Useful Not useful Finland, Belgium etc have outsourced their work to India Finnish mobile handset manufacturing giant Nokia has the
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
builders from Middle East are also flocking in India to catch the boom. South Korean electronics giants Samsung and LG Electronics and small and mid-segment car major Hyunda Motors are doing excellent business and using India as a hub for global delivery. Japan is also not far behind with host of (9)
electronics and automobiles shops. Companies like Singtel of Singapore and Malaysian giant Salem Group are showing huge interest for investment. In spite of the huge growth India Inc have so bottlenecks, like •
•
•
Irrational policies (tax structure and trade barriers). Low invest in infrastructure - physical and informatio You're Reading a Preview technology. Unlock full access with a free trial. Slow reforms (political reforms to improve stability Download With Free Trial privatization and deregulation, labor reforms).
Reports says, performance of 3 out of every 4 ' Multinationa a Companies' has met or exceeded internal targets to vote on this title expectations. India is perceived to Sign beupat par with China in Useful Not useful terms of FDI attractiveness by 'Multinational Companies i India'. In view of ' Multinational Companies' community, i
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Multinational Corporation-
1
Download
News
Documents
Sheet Music
of 37
mnc or multinational
Impact of MNCs on indian
Search document
'Multinational Companies in India' are bullish on •
•
•
•
India's market potential. Labor competitiveness. Macro-economic stability. FDI attractiveness. (10)
What are advantages and disadvantages of MNCs? For a person individual
Advantage: MNCs are globally recognized businesses so you have great potential for your Career growth in a Global level You're Reading a Preview Disadvantage: Career path in MNC will take time to establish Unlock full access with a free trial.
For Society
Download With Free Trial
Advantage: MNCs remove established legacy businesses and promote local employment opportunities. They also provid various charitable services to the society. Sign up to vote on thistheir title Disadvantage: MNCs induces competition, and profi Useful Not useful minded operations may impact local market/produce.
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
MNCs???? Even Indian companies should not allow. Have you ever given a second thought to what will happen to small retail shop owners & farmers? These big retailers would control the prices of commodities, farm produce etc. once they establish their presence.
(11)
Majority of MNC's in India makin profits:
A majority of foreign companies operating in India are making profits but the multinationals felt the need to build Readingmore a Preview brand India so as toYou're attract investors, a study b Unlock full access with a free trial. FICCI has said.
Trial According to FICCI'sDownload annual With FDIFree survey, 70 per cent of the foreign companies here are earning profits from their Indian operations.
Sign uprespondents to vote on this title The survey said 84 per cent of the gave Useful Not useful positive assessment of India, although they highlighted the need for building brand India and showcase India's potentia
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
(12)
Economy of India
The economy of India, when measured in USD exchange-rat terms, is the twelfth largest in the world, with a GDP of US $1.25 trillion (2008). It is the third largest in terms o purchasing power parity. India is the second fastest growin major economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006–2007. However, India's hu population results in a per capita income of $4,542 at PPP and $1,089 at nominal (revised 2007 estimate). The World Ban classifies India as a low-income economy. India's economy i diverse, encompassing agriculture, handicrafts, text manufacturing, and a You're multitude services. Although two Reading aof Preview thirds of the IndianUnlock workforce still earn their livelihood full access with a free trial. directly or indirectly through agriculture, services are Download Free Trial growing sector and play an With increasingly important role of India's economy. The advent of the digital age, and the large number of young and educated populace fluent in English, is gradually transforming India as an important 'back office Sign up to vote on this title destination for global outsourcing of customer services an Useful Not useful technical support. India is a major exporter of highly-skille kers in soft and financial se ices and softwar
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
However, since the early 1990s, India has gradually opened up its markets through economic reforms by reduci government controls on foreign trade and investment. The privatisation of publicly owned industries and the opening u of certain sectors to private and foreign interests ha proceeded slowly amid political debate. India faces a fastly growing population and the challenge of reducing economi and social inequality. Poverty remains a serious proble although it has declined significantly since independence Official surveys estimated that in the year 2004-2005, 27% of Indians were poor.
Pre-colonial :
The citizens of the Indus a permanent and You're Valley Reading acivilisation, Preview predominantly urban Unlock settlement that full access with a free trial. flourished betwee 2800 BC and 1800 BC, practised agriculture, domesticated Free Trial animals, used uniform Download weightsWith and measures, made tools and weapons, and traded with other cities. Evidence of we planned streets, a drainage system and water supply reveal their knowledge of urban planning, which included the world' Sign up to vote on this title first urban sanitation systems and the existence Useful Not usefulof a form of municipal government. Religion, especially Hinduism, and the and the join family systems, played an influentia
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
For instance, in certain regions, producing each variety of cloth was the speciality of a particular sub-caste.
You're Reading a Preview
Estimates of the per capita income of India (1857–1900) as Unlock full access with a free trial. per 1948–49 prices. Textiles such as muslin, Calicos, shawls and agricultural products suchWith as Free pepper, Download Trial cinnamon, opium an indigo were exported to Europe, the Middle East and South East Asia in return for gold and silver. Assessment of India' pre-colonial economy is mostly qualitative, owing to the lac Sign up to vote on thisthe title revenue of quantitative information. One estimate puts Useful Not useful of Akbar's Mughal Empire in 1600 at £17.5 million, contrast with the total revenue of Great Britain in 1800
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
India was administered by Maratha Empire. The marath empire's budget in 1740s, at its peak, was Rs. 100 million.
Colonial :
Colonial rule brought a major change in the taxat environment from revenue taxes to property taxes resultin in mass impoverishment and destitution of the great majority of farmers. It also created an institutional environment that on paper, guaranteed property rights among the colonizers encouraged free trade, and created a single currency with fixed exchange rates, standardized weights and measures capital markets, a well developed system of railways an telegraphs, a civil service thata Preview aimed to be free fr You're Reading political interference,Unlock and a common-law, adversarial lega full access with a free trial. system. India's colonisation by the British coincided with Download With Free Trial major changes in the world economy—industrialisation, and significant growth in production and trade. However, at the end of colonial rule, India inherited an economy that was one of the poorest in the developingSignworld, with industri up to vote on this title development stalled, agriculture unable feed useful a rapidl Useful to Not growing population, one of the world's lowest lif
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
blamed colonial rule for the dismal state of India's econom in its aftermath, a broader macroeconomic view of Indi during this period reveals that there were sectors of growth and decline, resulting from changes brought about colonialism and a world that was moving towar industrialisation and economic integration.
Independence to 1991 :
You're Reading a Preview
Unlock accesscapita with a free trial. Growth rate of India's real GDPfullper (Constant Prices: Chain series (1950–2006). Data Source: Penn World tables.
Download With Free Trial
Indian economic policy after independence wa influenced by the colonial experience (which was seen by Indian leaders as exploitative in nature) and by thos leaders' exposure to Fabian socialism. Policy tended toward Sign up to vote on this title protectionism, with a strong emphasis on import substitution Useful Not useful industrialisation, state intervention in labour and financia
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Sign In
Upload
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
private sectors and was based on direct and indirect state intervention, rather than the more extreme Soviet-styl central command system. The policy of concentrati simultaneously on capital- and technology-intensive heav industry and subsidising manual, low-skill cottage industrie was criticized by economist Milton Friedman, who thought i would waste capital and labour, and retard the developmen of small manufacturers. India's low average growth ra from 1947–80 was derisively referred to as the Hindu rat of growth, because of the unfavourable comparison wi growth rates in other Asian countries, especially the "Eas Asian Tigers".
After 1991 :
You're Reading a Preview Unlock full access with a free trial.
Download With Free Trial
Sign up to vote on this title
Useful
Not useful
Goldman Sachs has predicted that India will become 3rd largest economy of
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Government Intervention State planning and the mixed economy
After independence, India opted for a centrally planne economy to try to achieve an effective and equitab allocation of national resources and balanced econom development. The process of formulation and direction of the Five-Year Plans is carried out by the Planning Commission headed by the Prime Minister of India as its chairperson.
You're Reading a Preview Unlock full access with a free trial.
Download With Free Trial
The number of people employed in non-agricultural occupations in the publi and private sectors. Totals are rounded. Private sector data relates to non agriculture establishments with 10 or more employees.
India's mixed economy combines features of bo Sign up tosocialist vote on this title comma capitalist market economy and the Useful Not useful economy, but has shifted more towards the former over th past decade. The public sector generally covers areas which
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Public expenditure :
India's public expenditure is classified as developmen expenditure, comprising central plan expenditure and centra assistance and non-development expenditures; thes categories can each be divided into capital expenditure and revenue expenditure. Central plan expenditure is allocated to development schemes outlined in the plans of the centra government and public sector undertakings; cent assistance refers to financial assistance and developmenta loans given for plans of the state governments and unio territories. Non-development capital expenditure comprise capital defense expenditure, loans to public enterprises states and union territories and foreign governments, while You're Reading a Preview non-development revenue expenditure comprises revenu full access with a free trial. defence expenditure,Unlock administrative expenditure, subsidies debt relief to farmers, postal Download With deficit, Free Trial pensions, social and economic services (education, health, agriculture, science and technology),grants to states and union territories and foreig governments.India's non-development revenue expenditur has increased nearly fivefold in 2003–04 1990–91 and Sign up to since vote on this title Useful Not useful more than tenfold since 1985–1986.Interest payments are the single largest item of expenditure and accounted fo
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
large salary and pension bill, which rises periodically due t revisions in wages, dearness allowance etc. subsidies on food fertilizers, education and petroleum and other merit and non merit subsidies account are not only continuously risi especially because of rising crude oil and food prices, but are also harder to rein in, because of political compulsions.
Public receipts :
India has a three-tier tax structure, wherein th constitution empowers the union government to levy Incom tax, tax on capital transactions (wealth tax, inheritance tax sales tax, service tax, customs and excise duties and th state governments to levy sales tax on intra-state sale o goods, tax on entertainment anda Preview professions, excise dutie You're Reading on manufacture of alcohol, stamp duties on transfer Unlock full access with a free trial. property and collect land revenue (levy on land owned). The Download With Free Trial local governments are empowered by the state government t levy property tax, Octroi and charge users for public utilitie like water supply, sewage etc.More than half of the revenue of the union and state governments come from taxes, of Sign up to vote on this title which half come from Indirect taxes. than a quarter o Useful Not useful More the union government's tax revenues is shared with the state
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
•
•
•
•
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Reducing exemptions and concessions Simplification of laws and procedures Introduction of Permanent account number to trac monetary transactions 21 of the 29 states introduced Value added tax (VAT on April 1, 2005 to replace the complex and multiple sales tax system
The non-tax revenues of the central government come from fiscal services, interest receipts, public sect dividends, etc., while the non-tax revenues of the States are grants from the central government, interest receip dividends and income from general, economic and soci services.Inter-State share in the federal tax pool is decided You'reof Reading by the recommendations thea Preview Finance Commission to th Unlock full access with a free trial. President. Download With Free Trial General budget :
The Finance minister of India presents the annual unio budget in the Parliament on the last working day of February Sign up to vote on this title The budget has to be passed by the Lok Sabha before it ca Useful Not useful come into effect on April 1, the start of India's fiscal year The Union budget is preceded by an economic survey whic
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Sign In
Upload
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Earnings from taxes amount to Rs. 2,73,466 crore ($63b) India's fiscal deficit amounts to 4.5% or 1,39,231 crore ($32b).The fiscal deficit is expected to be 3.8% of GDP, b March 2007.
You're Reading a Preview Unlock full access with a free trial.
Download With Free Trial
Sign up to vote on this title
Useful
Not useful
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Sectors Agriculture :
Composition of India's total production (million tonnes) of foodgrains and commercial crops, in 2003–04. You're Reading a Preview
India ranks second worldwide in farm output. Agriculture and Unlock full access with a free trial. allied sectors like forestry, logging and fishing accounted fo Free Trial 18.6% of the GDP inDownload 2005,Withemployed 60% of the to workforce and despite a steady decline of its share in the GDP, is still the largest economic sector and plays significant role in the overall socio-economic development o Sign up to vote on this title India. Yields per unit area of all crops have grown since 1950 Useful Not useful due to the special emphasis placed on agriculture in the five year plans and steady improvements in irrigation, technology
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
The low productivity in India is a result of the followin factors:
•
•
•
•
Illiteracy, general socio-economic backwardness, slow progress in implementing land reforms and inadequate o inefficient finance and marketing services for fa produce. The average size of land holdings is very small (less tha 20,000 m²) and is subject to fragmentation, due to land ceiling acts and in some cases, family disputes. Such small holdings are often over-manned, resulting disguised unemployment and low productivity of labour. Adoption of modern agricultural practices and use o You're Reading ahampered Preview technology is inadequate, by ignorance Unlock full access with trial. such practices, high costs anda freeimpracticality in the case of small land holdings. Download With Free Trial Irrigation facilities are inadequate, as revealed by the fact that only 53.6% of the land was irrigated in 2000 01, which result in farmers still being dependent o rainfall, specifically the Monsoon season. Sign up to vote on this title A go Not useful Useful monsoon results in a robust growth forthe economy as whole, while a poor monsoon leads to a sluggish growth
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Industry :
Per capita GDP (at PPP) of South Asian economies versus those of Sout Korea , as a percentage of the US [20] [54]
India is fourteenth in the world in factory output. The together account for 27.6% of the GDP and employ 17% of the total workforce.However, about one-third of th industrial labour force is engaged in simple househol manufacturing only. Economic reforms brought fore You're Reading a Preview competition, led to privatisation of certain public sect full access with a free trial. industries, opened upUnlock sectors hitherto reserved for th public sector and ledDownload to an expansion in the production o With Free Trial fast-moving consumer goods. Post-liberalisation, the India private sector, which was usually run by oligopolies of old family firms and required political connections to prosper wa faced with foreign competition, including the threat Sign up to vote on this title useful Useful Not cheaper Chinese imports. It has since handled the change by squeezing costs, revamping management, focusing
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
34 Indian companies have been listed in the Forbes Globa 2000 ranking for 2007.[57] The 10 leading companies are: World Rank
239 258 326 399 494 536 800
1047 1128
Company
Oil and Natural Gas Corporation Reliance Industries State Bank of India Indian Oil Corporation NTPC ICICI Bank Steel Authority of India Limited Tata Consultancy Svcs
Logo
Mar Revenue Profits Assets Valu (billion (billion (billion (billi $) $) $) $)
Industry
Oil & Gas 15.64 Operations
3.46
26.98 38
Oil & Gas 18.05 Operations
2.11
21.75 42
Banking
1.24
156.37 12
1.11
22.68 10
1.31 0.54
17.25 26 62.13 16
6.30
0.91
7.06
10
Software & 2.98 Services
0.67
1.93
26
13.66
Oil & Gas 34.22 Operations Utilities 6.06 You're Reading a Preview Banking 5.79 Unlock full access with a free trial.
Materials
Download With Free Trial
Sign up to vote on this title
Tata Steel
Useful 0.84 Not useful Materials 4.54 4.61
Infosys
Software &
5.8
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
India is fifteenth in services output. It provid employment to 23% of work force, and it is growing fast growth rate 7.5% in 1991–2000 up from 4.5% in 1951–80. It has the largest share in the GDP, accounting for 53.8% i 2005 up from 15% in 1950. Business services ( informatio technology, information technology enabled servic business process outsourcing) are among the fastest growin sectors contributing to one third of the total output o services in 2000. The growth in the IT sector is attributed to increased specialisation, availability of a large pool of low cost, but highly skilled, educated and fluent English-speakin workers (a legacy of British Colonialism) on the supply sid and on the demand side, increased demand from fore consumers interested in India's service exports or those You're Reading a Preview looking to outsource their operations. India's IT industry Unlock full access with a free trial. despite contributing significantly to its balance of payments Download accounted for only about 1%With of Free theTrial total GDP or 1/50th o the total services. Since liberalisation, the government ha approved significant banking reforms. While some of thes relate to nationalised banks (like encouraging merger Sign up to vote on this title reducing government interference and increas Useful Not useful profitability and competitiveness), other reforms ha opened up the banking and insurance sectors to private and
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
Poverty :
Percent of population living under the poverty line
Large numbers of India's people live in abject povert Wealth distribution in India is improving since t liberalization and with the end of the socialist rule termed as the license raj.While poverty in India has reduc You're Reading a Preview significantly, official figures estimate that 27.5% of Indian full access with a free trial. still lived below the Unlock national poverty line in 2004-2005.A 2007 report by theDownload state-run Commission fo With FreeNational Trial Enterprises in the Unorganised Sector (NCEUS) found tha 70% of Indians, or 800 million people, lived on less than 20 rupees per day with most working in "informal labour secto up to vote onpoverty."Since this title with no job or social security, living Sign in abject Useful Not useful the early 1950s, successive governments have implemented various schemes, under planning, to alleviate poverty, tha
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
productive assets and build rural infrastructure. In Augus 2005, the Indian parliament passed the Rural Employment Guarantee Bill , the largest programme of this type in term of cost and coverage, which promises 100 days of minimum wage employment to every rural household in 200 of India' 600 districts. The question of whether economic reform have reduced poverty or not has fuelled debates withou generating any clear cut answers and has also put politica pressure on further economic reforms, especially tho involving the downsizing of labour and cutting agricultura subsidies.
External trade and investment Global trade relations You're Reading:a Preview Unlock full access with a free trial.
Until the liberalisation of 1991, India was largely a Download With Free Trial intentionally isolated from the world markets, to protect it fledging economy and to achieve self-reliance. Foreign trad was subject to import tariffs, export taxes and quantitat restrictions, while foreign direct investment was restricted Sign up to vote on this title by upper-limit equity participation, restrictions on technolog Useful Not useful transfer, export obligations and government approvals; these approvals were needed for nearly 60% of new FDI in the
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Sign In
Upload
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
of non-resident Indians. Share of top five investing countries in FDI inflows. (1991– 2004) [81]
Rank
Country
Inflows (Million USD)
Inflows (%)
1
Mauritius
8,898
34.49% [82]
2
United States
4,389
17.08%
3
Japan
1,891
7.33%
4
Netherlands
1,847
7.16%
5
United Kingdom
You're Reading a Preview 1,692
6.56%
Unlock full access with a free trial.
Download With Free Trial
India's exports were stagnant for the first 15 years afte independence, due to the predominance of tea, jute an cotton manufactures, demand for which was genera inelastic. Imports in the same period Sign consisted up to vote on predominantl this title Not useful Useful due of machinery, equipment and raw materials, to nascen industrialisation. Since liberalisation, the value of India'
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
exports during August 2006 were $10.3 billion up by 41.14% and import were $13.87 billion with an increase of 32.16% over the previous year.India is a founding-member of Genera Agreement on Tariffs and Trade (GATT) since 1947 and it successor, the World Trade Organization. Wh participating actively in its general council meetings, Indi has been crucial in voicing the concerns of the developin world. For instance, India has continued its opposition to the inclusion of such matters as labour and environment issue and other non-tariff barriers into the WTO polici requirements, removed restrictions on expansion an facilitated easy access to foreign technology and foreign direct investment FDI. The upward moving growth curve of the real-estate sector owes some credit to a boom You're Reading a Preview economy and liberalized FDI regime. In March 2005, the Unlock full access with a free trial. government amended the rules to allow 100 per cent FDI in Download With Free Trial the construction business.This automatic route has be permitted in townships, housing, built-up infrastructure and construction development projects including housin commercial premises, hotels, resorts, hospitals, educationa up tocityvote on this title regional institutions, recreational facilities, Sign and and Useful Not useful level infrastructure.A number of changes were approved on the FDI policy to remove the caps in most secto
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
1
Download
News
Documents
Sheet Music
Multinational Corporation-
of 37
mnc or multinational
Impact of MNCs on indian
Search document
The Rise of India & the IIM Story The
Rise
of
India
In last couple of years, The Rise of India & China is a story being watched with much awe, fascination & even fear in the global media. Most of these stories are inspired by the huge strides made by Indian & Chinese companies in Service & Manufacturing sectors. Many of the key drivers of thei success has been their prowess at creating high quality but low cost Software & Outsourcing services in case of India and manufacturing in case of China. Some analysts have also highlighted the Research & Development investments being made in India by corporations asPreview diverse as GE to Google You're Reading a leading to possible emergence ofa free Asia Unlock full access with trial. as the R&D hub fo world. However what seems to have missed the attention of Download With Free Trial media is emergence of Indian Managers in the top ladders of US Corporate arena. There have been isolated stories like rise of Rajat Gupta (ex-Chief Mckinsey), Victor Menzes o Citibank, but one big emerging trend has been the rise of Sign up to vote on this title Indian Managers or MBA. This is astory, Useful which Not usefulis still t unfold in a big way but already has started making waves in
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
The Turnaround
In late 90s when the current Indian PM, Manmohan Singh began the liberalization of Indian economy, as the Finance Minister, it opened up a wealth of opportunities for private sector enterprises and also drew a horde of MNCs to India The size of Indian middle class by then estimates of 200 300MM was one of the fastest growing markets in the world To cater to this market corporate needed a horde management professionals to run & grow the new markets This brought in a tonne of opportunities to India’s thousand of MBA grads and more so for the students of IIMs wh You're Reading a Preview were the crème-la-crème of India. Slolwy but surely, th middle class dream Unlock career was full access with a not free trial.to get into the Civi Service but rather to earn an MBA degree as a route of Download With Free Trial entry to the corporate world. Also many of India’s top brain like IIT engineers, Chartered Accountants were allured into seeking an MBA degree to their portfolio especially so from an IIM. The competition for gaining a seat into these b Sign up to vote on this title schools was hyper competitive even afterdiscounting the Not useful Useful huge population of India. Imagine an admission rate of .6% vs
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
availability of rewarding placement opportunities, all at a fraction of Ivy-league rates created a unique selling proposition in the hyper-competitive MBA school world.
Arrival of Mckinsey, Lehman & Co.
In corporate world especially US, Consulting & Investmen Banks are among the most demanding careers and also mos competitive in the war for talent globally. The likes Mckinsey & BCG in consulting & Lehman Brothers, JP Morgan in I-Banks thus were quick to use the IIMs as a recruiting ground mainly for their Indian Operations to start with However impressed by the performance of the init Reading for a Preview recruits they started You're recruiting their global practices. I Unlock full access with a free trial. fact the war for heads has become so hot these days that many of these try to pick the cream via the summer trainee Download With Free Trial route and offer Pre-Placement Offers. Year 2000 was ground breaking year in the sense, more than 10% of IIM-A grads was recruited purely for placements in Manhattan, NYC Also and it also was the inaugural year for Goldman Sign up to vote on thisSachs. title Usefulof Not useful given the profile of IIM students, 70% who boast of an engineering degree from India’s top Colleges and most
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
21K views
1
Upload
Sign In
Join
RELATED TITLES
1
IMPACT OF MULTINATIONAL CORPORATION ON INDIAN ECONOMY
Uploaded by lalvanzonline
Books
Audiobooks
Magazines
Save
Embed
Share
Print
Download
News
Documents
Sheet Music
Multinational Corporation-
1
of 37
mnc or multinational
Impact of MNCs on indian
Search document
The Path Ahead
More recently, the success of many Indian corporate in IT & BPO arena people, made people note of the manageme behind these companies. One key competitive advantag Indian companies had vis-à-vis Chinese ones was the breadth & depth of management talent. While China had a hu success in managing and running cheap assembly l production of goods at lowest price, India’s success wer more in the higher end of value chain. This is where Indian Managers were miles ahead and much of this success is credited to the IIMsYou're & the second line of b-schools, which Reading a Preview are no less competitive.One of the key facets of marke Unlock full access with a free trial. economy is changing skill sets requirements and being able to Download With Free Trial deal with complexity and uncertainty. This is one area where Indian students come with a unique advantage. Life in India or any developing world can be full of chaos, uncertainity scarcity and greys. This meant that most of theseyoung Sign up to vote on this title MBA aspirants get the experience of many life times even i Useful Not useful families and a 2 year structured thinking process and arming with tools & techniques of a typical b-school curricula would
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join