Question

Describe any three factors which have enabled globalisation in India

It's from class XIII.

Answer 1

availability of capital and foreign investment
availability of foreign exchange
promotion of small scale industries
foreign trade and integration of markets
liberalisation

Answer 2

Answer:

Three factors which have enabled globalization in India are:

Globalization stands for integration of the country's domestic economy with the global world economy by means of trade.  

• Cutting down of Trade Barriers

Reduction in trade barriers facilitates free flow of goods and commodities within India and other countries of the world.

• Advancement of technology

Advancement in technology has lead to development in facilities such as Telecommunications and web, facilitating fast and easy communications globally.

• Emergence of Multi-national Companies

While many multinational companies have entered India, many of the prominent Indian companies such as TATA , Ranbaxy have established themselves globally.