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LPG Model (or New Economic Policy) — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsLPG Model (or New Economic Policy)2 Marks
Question
Why should more Indian companies emerge as MNCs?
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Answer

More Indian companies should emerge as MNCs on account of the following :
(i) It would expand their business globally creating opportunities for Indian people abroad.
(ii) Indian companies will earn valuable foreign exchange through investment in other countries.

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