Question

Discuss the impact of globalisation on india economy

Answer 1

With the help of globalisation trade between countries has increased considerably. Now we can import goods which are scarce in our country and export goods which are in abundance. ... Now, due to globalisation, India is forced to adopt capital intensive economy, despite having human resources in excess.

Answer 2

ans:

• globalisation has been6beneficial particularly to the well-off sections in urban areas who can now purchase quality products, but it will not be benefitting the poor as the prices are much higher.
• several ytop indian  companies have been able to benefit from the increased competition. they have raised their production standards.
• globalisation has enabled some large indian companies to emrge as multinational themselves.
• eg: tata motors
• globalisation has also created new opportunities for companies providing services, particularly those involving in IT.
• a host of services such as data entry, accounting, etc. are done cheaply in country like india.