Question

Describe the impact of globalisation in Indian economy with ideal point and examples?

Answer 1

Impacts of globalization on Indian economy :

(i) Higher standard of living in urban areas.

(ii) The impact has not been uniform among  producers and workers.

(iii) There is greater choice before the consumers  who now enjoy improved quality and lower  prices for several products.

(iv) MNCs have increased their investments in India  leading to more job opportunities.

(v) Globalization has enabled some large  Indian companies to emerge as MNCs  themselves like Tata Motors, Infosys, Ranbaxy,  Asian Paints, etc.

Answer 2

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$\boxed{Impacts\: of \:Globalisation\: in\: India}$

• Globalisation made greater competition among producers both local and foreign producers.

• Consumers get improved quality product at lower price.

• MNCs have increased their investment in India.

• Employment opportunities increased.

• Local companies supplying raw materials to MNCs have prospered.

• Globalisation enabled some large Indian companies to emerge as MNCs.

• It has also created new opportunity for companies providing services like IT companies.

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