Question

Critically examine the impact of globalization on indian economy

Answer 1

Gobalization for Indian economy has been truly beneficial because-:people now have wide choice for purchasing the goods at low prices. this would modernise and increase their style of living and hence they would buy more which would contribute in indian economyindian industries have a huge foriegn market to compete and gain profit.globalization has increased the it sector of the country which is a major foreign exchange earner and a major employment generator organisation.globalization is the cause of eradication of unemployment and illitracy of our countrythere are also some neagtive effects-:small factories and industries are not able to compete and their units are being closed .people of these units are being removed and are prone to unemployment.to atract mor MNCs government is make labour laws flexible which is against the labourers 

Answer 2

Gobalization for Indian economy has been truly beneficial because-:

people now have wide choice for purchasing the goods at low prices. this would modernise and increase their style of living and hence they would buy more which would contribute in indian economy

indian industries have a huge foriegn market to compete and gain profit.

globalization has increased the it sector of the country which is a major foreign exchange earner and a major employment generator organisation.

globalization is the cause of eradication of unemployment and illitracy of our country

there are also some neagtive effects-:

small factories and industries are not able to compete and their units are being closed .

people of these units are being removed and are prone to unemployment.

to atract mor MNCs government is make labour laws flexible which is against the labourers

hope it would help!