Choose if the given statement is True/False.

India contributes to the spreading out of production by an MNC.

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True

False

answer is A.

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Detailed Solution

The above statement is True.
India has made a major contribution to the spread of production by MNCs through various sources. The Indian government is taking various steps to attract foreign investors and invest in India. This only helps the MNCs enhance their productivity in a country with better facilities than any other. They have set up Special Economic Zones, which have world-class facilities such as water, electricity, transport, storage, and educational facilities. Companies that have set up industries under SEZs do not have to pay taxes for the initial period. The government has also allowed flexibility in the labour laws to attract more foreign investment.

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