Question

critically examine the influence of globalisation on the Indian economy

Answer 1

Answer:

Globalization is itself a mixed bag of opportunities.

Explanation:

• The Indian economy today stands on its shoes due to the formation of the processes which is known as the globalization and is a transformation of the Indian economy from the agrarian to the industrial economy to the rural to urban transformation of the pole and the standards of living.

• The growth of the jobs and increase of the transparency of the market as it becomes open to the people. Rise of the internationally accepted standards and the codes of the conduct.

• The strengthening of the financial systems like the banks a the other institutions and the economy both the private and public ones. Educational institutes are an example.

• Increase of the inflow of the FDI in the economy and the quality of the work being done.  

• But at the same time has created several advantages like the increase in the costs and the wages that lead to productivity enhancement. Development of traffic problems and shortages of resources.

Answer 2

Answer:

Increase of the inflow of the FID in the economy and the quality of the work being done