This document discusses multinational corporations (MNCs) in India. It begins by defining an MNC as a company that owns production facilities in multiple countries outside its home country. It then lists several advantages for MNCs investing in India, such as a huge growing market, liberalized FDI policies, and fast economic growth. However, it also notes some disadvantages, such as increased competition for small businesses and potential environmental hazards. The document concludes by listing some of the top MNCs currently operating in India, including IBM, Microsoft, Nokia, PepsiCo, Sony, Tata Consultancy, Vodafone, and Tata Motors.