Role of Multinational Corporations in Integrated Global Industries and their Impact on Indian Economy

A Multinational Corporation (MNCs) is “an enterprise that engages in foreign direct investment and owns or controls value adding activities in more than one country” (Dunning 1993, 3). MNCs are the significant element on which countries economical and financial result depends. Legal framework for Indian MNCs and its growth directly impact on GDP and other economic factors of country. Indian MNCs get boost up from the international finance and from FDI which creates India in a dominating position due to largest market sector in a globe. The article highlights on trend of growth of foreign and Indian MNCs, the impact of increasing global industries, strategies to cope with the competition of the business world.