5 points of Globalisation
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Explanation:
10th
Economics
Globalisation and the Indian Economy
Multinational Companies and Globalisation
Analyse any five positive e...
CIVICS
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Asked on October 15, 2019 by
Priyam Lunagaria
Analyse any five positive effects of globalisation on the Indian economy.
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ANSWER
The following are the positive impacts of globalisation on the Indian economy:
1) Increased foreign investment in India.
2) Greater cultural exchange because of greater movement of the people. This has greatly helped the tourism sector in India.
3) Opening up of the Indian markets to foreign goods.
4) The greater competition among companies leading to improvement of quality with reduction in prices of the products.
5) Access to newer technology and improved ways of production from the more advanced countries leading to efficiency in the local industries.
Answer:
Global warming stresses ecosystems through temperature rises, water shortages, increased fire threats, drought, weed and pest invasions, intense storm damage and salt invasion, just to name a few. Some of Australia's great natural icons, such as the Great Barrier Reef, are already threatened.