benefitss of globalisation
Answers
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1.Availability of variety of products which enable the consumer to have greater choice and enjoy improve quality of low and lower price for several products.
2. This lead to higher standard of living. 3.Increase in foreign direct investment
4. creation of new jobs in certain Industries
5. top Indian companies have been benefited by investing in the new technology and production method along with successful collaboration with the foreign companies.
6. globalisation has enabled some large Indian companies to emerge as multinational themselves for example Tata Motor Infosys Ranbaxy ect.
7. enable some large Indian companies to emerge as multinational.
8.create opportunities for companies providing service service provider particularly those involving IT.
The local companies got advanced technology
The rate of production has increased a lot
There is increase in GDP
There is increase in Jobs
Our companies are able to gain profit form local companies of other countries
There is spread of culture, tradition, technique, Knowledge through globalization
Income of people is increasing therefore higher standard of income