GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the cheaper production costs
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Plenty of raw materials
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good government policies
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None of the above
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Detailed explanation-1: -MNCs are investing in India Because of the cheaper production costs. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers.
Detailed explanation-2: -Markets in India are selling goods produced in many other countries. This means there is increasing trade with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because of cheaper production costs.
Detailed explanation-3: -The impact of Globalisation on the Indian Economy are as follows: Over the past twenty years, there is an increase in foreign investments. Creation of new jobs – Globalisation has created new jobs in order to reduce the unemployment rate to an extent.
Detailed explanation-4: -Only one option that is not directly linked with the Choice of goods in market is Increased foreign investment.