Economy, asked by Emi59, 1 year ago

critically analyse the effect of globalisation in Indian economy

Answers

Answered by Anonymous
5

hiiii.


Impacts of globalisation in Indian economy are follow as..

1.It has improved the productivity and efficiency of Indian companies in the in the use of resources through the process of competition.


2.The growth rate of Indian economy has gone up with the increase for investment and foreign technology in India.


3.It has allowed to consumer to enjoy a wider range of goods and services are lower costs.


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Emi59: sure
Answered by incrediblekaur
54
Hey mate


Here is ur ans

globalisation


It is the process which explains the growing independence between various economies of the world.


It has some Positive and some negative effects.


negative \: effects

Devaluation: Indian currency was devalued by 18-19%.

Disinvestment: Many public sectors were sold to the private sector

Loss of Domestic Industries.



positive \: effects


It has increased Technological Progress.

More choice available to consumers.

Increased International Trade.

Increased growth.


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