Question
What are the advantages to foreign companies in setting up production in India?
Solution
The advantages to foreign companies in setting up production in India are following:
(i)They can get cheap labour in India.
(i)They can get cheap labour in India.
(ii)They can spend the least on housing facilities for workers.
(iii)They can cut cost by providing lower working conditions including lower safety measures.
Thus, foreign companies can save costs and earn higher profits.
