Describe in brief good effects of Globalization on India.
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The Globalisation has impacted Indian economy in the following ways
(i) Increase in foreign investment, Over the past twenty years, the foreign investment has increased.
(ii) Emergence of Indian companies as multinational Several of the top Indian companies like Tata Motors, Infosys, Ranbaxy have been able to get benefit from the increased competition created as a result of Globalisation.
(iii) Creation of new opportunities Globalisation has created new opportunities for Indian companies, particularly providing services like IT.
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•Greater choice of products .
•products are available at competitive prices
•People can enjoy higher standard of living
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