Question

Assess the impact of globalisation in India ​

Answer 1

Liberalization began to hold its foot on barren lands of developing countries like India by means of reduction in excise duties on electronic goods in a fixed time frame. ... There have been both positive and negative impacts of globalization on social and cultural values in India.

Answer 2

IMPACT OF GLOBALISATION IN INDIA:

• NEW MACHINES AND METHODS OF PRODUCTION WAS INTRODUCED WHEN GLOBALISATION HAD BEEN INTRODUCED AND MNC'S ESTABLISHED IN INDIA.
• PEOPLE STARTED TO GET MORE QUALITY GOODS FOR A CHEAPER RATE THAN THE HAND MADE GOOD IN INDIA.
• THE SMALL SCALE INDUSTRY OWNERS GOT UNEMPLOYED AND MOST GOT INTO BIG LOSS.
• THE PEOPLE GOT MORE JOB OPPORTUNITY AS GLOBALISATION HAD MADE MORE INDUSTRIES COME IN INDIA.
• THE ECONOMY OF INDIA HAD PROSPERED IN EXPORT OF GOODS.

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