Sociology, asked by kujurarpit4990, 1 year ago

Describe the impact of globalisation on Indian economy with example.(3m)

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Answered by vidyutjammwal
1
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.

Answered by Anonymous
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.

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