What are the advantages to foreign companies in setting up production in India?

Question

Asked by Monika | 2 years ago | 204

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Class 8 Social Science Law and Social Justice Add Answer

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Accepted Answer

Advantages to foreign companies in setting up production in India are:

Cheap labour: - Wages that the companies pay to workers say in the U.S.A. are far higher than what they have to pay workers in India.

For lower pay: - Companies can get longer hours of work.

Additional expenses such as housing facilities for workers are also fewer. Thus, companies can save costs and earn higher profits.
Cost cutting can also be done by other more dangerous means.
→ Lower working conditions including lower safety measures are used as ways of cutting costs.

Answered by Abhisek | 2 years ago