Describe any four benefits of globalisation to the Indian economy
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Answer:
Greater free trade.
Greater movement of labour.
Increased capital flows.
The growth of multi-national companies.
Increased integration of global trade cycle.
Increased communication and improved transport, effectively reducing barriers between countries.
Explanation:
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Answered by
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Explanation:
Four benefits of globalisation to the Indian economy are :
1) Increased foreign investment in India.
2) Greater cultural exchange because of greater movement of the people. This has greatly helped the tourism sector in India.
3) Opening up of the Indian markets to foreign goods.
4) The greater competition among companies leading to improvement of quality with reduction in prices of the products.
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