Choose whether the given statement is true/false:

Foreign companies come to India for labour.

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Detailed Solution

The above statement is true.
Foreign companies come to India for various reasons, including low labour costs. For example, wages paid to workers in the United States are significantly higher than those paid to workers in poorer countries such as India. Companies can acquire longer hours of labour for cheaper pay. Additional expenses, such as housing for staff, are also reduced. Companies can thus save money while increasing earnings. Foreign corporations invest in India because of the wealth of resources, the availability of labour at relatively lower wages, and unique investment benefits such as tax breaks, among other things. For a country where foreign investment is being made, it also means gaining technical know-how and creating jobs.

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