Question

Effects of globalization on indian society

Answer 1

Answer:

1. foreign direct investment increases upto 51 percent

2. no permission is required to hire foreign techniques or for testing indigenous techniques.

3. rupee was devalued in july 1991 nearly by 20 percent.

4. new export-import policy was announced in 1992 to 97.

5. govt. has modified customs duty to a considerable extent.

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Answer 2

India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and growth. Scholarly work on trade, FDI, and the environment in India with rich theoretical insight and solid empirical evidence is scarce.