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Geography Optional 300+ Score Pack · Model answer

Explain the role of multinationals in globalization of industries in India.

  • UPSC 2013
  • Industry

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A multinational corporation is, in the United Nations formulation, an enterprise that owns or controls production or service facilities outside the country in which it is based. Globalisation of Indian industry is the process by which such firms convert Indian plants from units serving a protected home market into nodes of a worldwide production network.

You are reading the opening of the model answer. The full answer is part of the Geography Optional 300+ Score Pack.

What the full answer covers

  • Mechanism 1: routes through which MNC capital enters
  • Mechanism 2: insertion into global value chains
  • Mechanism 3: technology, standards and supplier-tier upgrading
  • Mechanism 4: captive knowledge functions
  • Significance
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