Answer:
Yes,
if more Indian MNCs are set up, this would not only contribute to the Indian
economy, but also generate employment in the country, besides helping India to
emerge as an economic super power.
Since MNCs produce on a large scale at lower costs, they earn profits.
Thus, India would be able to spread its production across the globe and also dominate
the international markets. As exports would increase, India's balance of trade
would hence forth become favourable.
With Indian MNCs contributing to world trade, India would
also be able to attract other countries in international organisations like the
WTO and its stand for fairer trade rules will become stronger.
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