Grihi

Grihi refers to a subsidiary, employee, or associate who is in a supply chain, possibly located in a foreign country. This term is often used in a business context, particularly in international trade. The grihi is considered essential for production, sales, service, or other functions, but may not be owned or directly controlled by the main business entity.

The grihi's relationship with the main business can vary greatly, as it can be independent, but still provide goods or services to the company, or it can be owned or controlled by the company. In some cases, the grihi can provide a full range of services to the business, effectively acting as an employee, but not being a direct employee.

In recent years, the concept of grihi has become more relevant in the field of international trade, especially with the rise of outsourcing and global supply chains. Companies take advantage of grihi relationships to access new markets, sources of raw materials, and lower labor costs. However, this also raises concerns about corporate accountability, labor rights, and the exploitation of grihi employees.

The term is based onокси accounting principles, which classify the relationships between a company and its non-employees as liabilities, assets, or equity. The grihi relationship is often complex and varies across industries, countries, and companies, making it challenging to establish a universal definition or set of guidelines. Despite its complexity, the concept of grihi continues to be an essential aspect of modern business and international trade.