Question

describe the impact of globalisation on indian economy in about 250 words

Answer 1

1) With the opening of SEZs or Special Economic Zones, the availability of new jobs has been quite effective. Furthermore, Export Processing Zones or EPZs are also established employing thousands of people.

2) After the outburst of globalization, the compensation levels have stayed higher.

3) The level of knowledge and skill brought by foreign companies is obviously advanced. This has ultimately resulted in modification of the management structure.

4) Wealth generation across Indian cities has enhanced since globalization has fully hit the nation.

5) Further, domestic organizations are motivated to present higher rewards to their employees.

6) Therefore, a number of cities are experiencing better standards of living together with business development.