describ the effects of globalization on India.
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ill effects of globalisation:-
MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)
good effect of globalisation:-
MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)
Good-Effects of Globalization
High FDI —-> Many Industries —-> More Employment —-> Increase in GDPUtilisation of resources efficiently( MNCs are experts in using resources efficiently)It will help in increase exports and to reduce DEFICIT rateFor a country with huge population like India, creating employment is a huge task which a government cannot do alone. So it helps government in employment generation programs and poverty alleviationCSR(corporate social responsibility) activity helps the local area to develop and acquire minimum needsIt will bring new & advanced technologies to technically backward country like IndiaFood Processing, Telecom, white labelled ATM, Railway infrastructure, Medical services & Infrastructure are given 100% FDI since it will help India greatly to achieve government’s long term goals.
MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)
good effect of globalisation:-
MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)
Good-Effects of Globalization
High FDI —-> Many Industries —-> More Employment —-> Increase in GDPUtilisation of resources efficiently( MNCs are experts in using resources efficiently)It will help in increase exports and to reduce DEFICIT rateFor a country with huge population like India, creating employment is a huge task which a government cannot do alone. So it helps government in employment generation programs and poverty alleviationCSR(corporate social responsibility) activity helps the local area to develop and acquire minimum needsIt will bring new & advanced technologies to technically backward country like IndiaFood Processing, Telecom, white labelled ATM, Railway infrastructure, Medical services & Infrastructure are given 100% FDI since it will help India greatly to achieve government’s long term goals.
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the effects of globalisation on India are following :-
Many were uplifted from poverty line, though just to the middle class. There is huge income inequalitybetween people.
Access to technology, but we are still in Facebook limbo.
We started to work for Multinational companies, but we can’t afford Multinational Cars, clothing, Food etc.
We started to travel other countries and appreciate their cities, but we wont put the effortsto keep our cities to that standards.
Economy has risen and we are one of top ten richest countries, But Human development index is still a snail move.
Many were uplifted from poverty line, though just to the middle class. There is huge income inequalitybetween people.
Access to technology, but we are still in Facebook limbo.
We started to work for Multinational companies, but we can’t afford Multinational Cars, clothing, Food etc.
We started to travel other countries and appreciate their cities, but we wont put the effortsto keep our cities to that standards.
Economy has risen and we are one of top ten richest countries, But Human development index is still a snail move.
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