Describe the impact of globalisation on Indian economy
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Answer:
⭐ Answer ⭐
Impacts of globalisation in India are
(i) It has improved the productivity and efficiency of Indian companies in the use of resources through the process of competition.
(ii) The growth rate of the economy has gone up with the increase in foreign investment and foreign technology in India.
(iii) It has allowed the consumers to enjoy a wider range of goods and services at lower costs.
1. Better quality of living in urban territories.
2. The effect has not been uniform among makers and laborers.
3. There is greater choice before the consumers who currently appreciate improved quality and lower costs of a few items.
4. MNC's have expanded their interest in India prompting more occupations openings.
5. Globalization has empowered some enormous Indian organizations to develop as MNC's themselves like Tata Motors, Infosys and so on.
6. Neighborhood organizations flexibly crude materials to unfamiliar ventures and have flourished. Anyway for an enormous number of makers and laborers, globalization has presented significant difficulties.