Why is India Attracting the Multinational Companies?
India is one of the fastest growing economies of our times. The country has a huge market for goods and services due to its vast population and consumer power. The policy of the government towards foreign direct investment contributed immensely to attracting the multinational corporations to India. In the past, before the boom of foreign investments, India had strict policy of terms in FDI. Thus, there were fewer companies interested in investing in India until in the year 1991 when the policy was changed to start attracting FDI. More and more companies find their way to India now and then. Some of the notable multinational companies that are currently operating in India include British Petroleum, LG, Skoda Motors, Hyundai, Samsung, Vodafone, Ford Motors, Reebok and Accenture among others. Factors that Favors Multinational Enterprises in India Good Foreign Direct investment policy, huge market potential, Labor competitiveness, and Macro-economic stability are some of the key factors th
