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How Indian MNCs are Responding to Regulatory Shifts

StartupTalky · 8m

Multinational corporations (MNCs) in India face a continuously evolving regulatory environment. The country's history of socialist-leaning policies has gradually given way to a more open, market-oriented economy. Recent regulatory shifts include privatization of state-owned enterprises, the implementation of the Insolvency and Bankruptcy Code, the introduction of the Goods and Services Tax, data protection and privacy laws, and stricter environmental regulations. MNCs are responding by building government relationships, forming local partnerships, embracing "Make in India" initiatives, focusing on CSR, and investing in innovation. The regulatory landscape presents both challenges and opportunities for MNCs, including increased competition, compliance complexities, and the potential for Indian MNCs to expand globally.