Strength of India and multinational Companies’ entry into India

  Today, there are 204 countries in the world in which America, China, Japan and India are highly powerful and economic giant. America, China, Japan and India have economy worth around Rs 1500 lakh crore, Rs 950 lakh crore, Rs 360 lakh crore and Rs 205 lakh crore respectively. Although America is largest economy in the world, it owes Rs 700 lakh crore foreign debt. Its growth rate is only 2 percent, while its budget deficit is 8 percent. Foreign investment worth Rs 300 lakh crore can move out from its economy due to minimum gold and foreign exchange reserve, declining export and credit. The major institutions are accepting that the country which used to disburse loan to other countries is reeling under debt. Being the small country, Japan’s development is limited. Now the real fight will be seen between China and India. Entire Europe means euro zone Italy and Greece, etc started to become bankrupt. After the demise of Europe and euro, America and dollar are certainly going to crash. Britain and pound are already trembling. Britain’s total GDP is worth Rs 192 lakh crore and it owes Rs 172 lakh crore debt. Therefore, only two countries-China and India are emerging as super power in the world.
We can’t evaluate China as smaller economy. The Chinese economy is five times larger than that of India. Apart from it, Chinese saving is double to that of India, while its military power and atomic prowess are at least double to that of India. Chinese export and gold and foreign exchange reserve are around 10 times larger than that of ours. Chinese is far ahead in comparison to India as far as industrial growth is concerned. Chinese economy has great penetration in world economy including America and Africa. On top of that, China has been our enemy instead of friend. If we pump Rs 400 lakh crore honestly in the country, India will leave China behind and become economic super giant in the world.

When Rs 400 lakh crore will be invested in agriculture, industry and service sector, not a single person in the country will be jobless. It will automatically eradicate poverty, inflation, etc. We can save country by checking corruption and injustice prevalent here.

India is going to become world’s super economic and spiritual power. With emergence of India, a new peaceful and prosperous world will surface. By 2020, World Bank, IMF, UNO, WTO, WHO will run under the leadership of India.   

America, China, Japan and India have economy worth around Rs 1500 lakh crore, Rs 950 lakh crore, Rs 360 lakh crore and Rs 205 lakh crore respectively.

Entry of multinational companies in India We have to adopt indigenous to make country prosper.

Not a single penny will go to abroad.

The foreign firms are working in India by three types. First of all, they set up their branches on their own, through subsidiaries and collaboration.

Till 2020, there are total of 3500 multinational companies are functioning here. Over 20, 000 foreign treaties are in the pipeline. On an average over 1000 new foreign treaties are done every year.

By the end of 1972, there were 740 foreign companies in the countries. Out of which, 538 had their branches, while 202 working as subsidiary companies. Most of the firms had belonged to Britain. But today, most of the companies belong to America. The maximum number of firms working under treaty belong to Germany. In 1977, number of foreign companies was 1136. In 2008, there were over 2500 companies were working here in India.
During pre-independence in 1940, a total of 55 foreign companies were working directly here in the country. During post-independence in 1952, 701 companies were functioning under direct control of 8 major firms. Thirty-two other British firms were functional as per treaty with Indian companies. These 8 British giants started to penetrate in India since 1853. These firms brought by East India Company had become a tool for exploiting Indian subcontinent. After setting up their branches here in India, they started to spread their wings in other countries too. These 8 companies were—
1.     Andrayul and Company
2.     Meclide and Company
3.     Marticn and Company
4.     Bern and Company
5.     Dankan Brothers and Company
6.     Auktevias Steel and Company
7.     Gilander Arbudnat and Company
8.     Shaw Vales and Company

As foreign direct investment started to get increased, number of foreign companies improved. Surprisingly, those foreign firms which invested their money in India earned much in the very next few years. Rest of other companies earned heavy amount in next five years.

Multinational companies in every field

Today, every smaller or bigger field is not immune to foreign multinational firms which manufacture everything useful in the life. The foreign firms manufacturing daily used utensils have their penetration in every household. They manufacture insecticide, fertilizer and other instruments to take over our self-dependent farming. They have toxified the atmosphere by using substandard technology in the industrial sector. Air, water and soil got polluted.

Here, we are providing a list of that sectors where these foreign firms made our economy defunct. Some major production field where these foreign firms have their penetration—

1.     In the field of products of daily use
2.     In the field of medicine production
3.    In the manufacturing of fertilizer, insecticide, agricultural instruments
4.     In the production of chemical items
5.     In the production of instruments of vehicles
6.     In the production of heavy engineering items
7.     In the production of electronic and electrical items
8.     In the production of military defence items
9.     In the field of food processing and plantation (tea, coffee, packed eatable items and chocolate)
10.    In the field of scientific defence research
11.    In the production of cement
12.    In the production of oil refinery
13.    In the mining of metal
14.    In the production of jute
15.    In the production of readymade clothes
16.    In the production of shoes and other sports items
17.    In the production of rubber
18.    In the production of toys and other plastic items

Power of multinational companies

How much powerful these foreign companies are in India?
The power of these foreign firms can be gauged with the fact that the 100 economic giants are working here in India. About which, global magazine ‘Fortune’ had published a comment in July 2008 issue—
Five hundred multinational firms have their control on entire world economy. A simple change in their liquid asset can demolish the entire world economy. These firms have their branches in over 125 countries. Out of 500 MNCs, 100 are working here in India. The annual trade of every single firm out of these 500 MNCs is more than annual budget of India.
Here, a list of description has been given as to how these firms are functioning in India—