Describe the impact of globalisation on Indian economy with example.(3m)
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Describe the impact of globalisation on Indian economy with example.(3m) ... Several top Indian companies have been able to benifit from the increased competition. They have invested in new technology and production methods and raised their standard .Some have gained from the collaaboration wiith foriegn companies.
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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.
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