Evaluate the globalization and its impact on indian society
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Globalisation means integrating or interconnecting the economy of a country with the economy is of other countries under condition of free flow of trade, services,technology, capital and movement of people across International borders.
Impact of globalisation on the country is manifold
MNCs have increased their investment over the past 15 years which is beneficial for them as well as for Indian also. this is because this MNC is provide employment opportunities to the mass and local companies supplying raw material to this Industries have prospered but globalisation has failed to solve the problem of poverty and it has widened the gap between rich and poor.
There is a greater choice for consumers with a variety of goods available at cheap rates now they enjoy a much higher standard of living.
Only skilled and educated class has benefited from globalisation.
Impact of globalisation on the country is manifold
MNCs have increased their investment over the past 15 years which is beneficial for them as well as for Indian also. this is because this MNC is provide employment opportunities to the mass and local companies supplying raw material to this Industries have prospered but globalisation has failed to solve the problem of poverty and it has widened the gap between rich and poor.
There is a greater choice for consumers with a variety of goods available at cheap rates now they enjoy a much higher standard of living.
Only skilled and educated class has benefited from globalisation.
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