What is an MNC ? Give two examples of Indian companies that have emerged as MNCs. What are the harmful effects of MNCs to a host country ? -SST 10th

What is an MNC ? Give two examples of Indian companies that have emerged as MNCs. What are the harmful effects of MNCs to a host country ? -SST 10th
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Multinational companies are companies that own or control their production in more than one country. Two Indian MNCs: Ranbaxy and Infosys Harmful effects of MNCs:  1. The competition from MNCs has not allowed small production units to survive. Many of them have shutdown. 2. To maximize profit, workers are often employed without the security of jobs and work in the unorganized sectors. 3. Even the workers in the organised sector do not enjoy the benefits or protection that is usually present in the organized sector.
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