Explain any six impact of glovalidation
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Answer: Impacts of globalisation in India are
(i) It has improved the productivity and efficiency of Indian companies in the use of resources through the process of competition.
(ii) The growth rate of the economy has gone up with the increase in foreign investment and foreign technology in India.
(iii) It has allowed the consumers to enjoy a wider range of goods and services at lower costs.
Also-At the same time, global economic growth and industrial productivity are both the driving force and the major consequences of globalization. They also have big environmental consequences as they contribute to the depletion of natural resources, deforestation and the destruction of ecosystems and loss of biodiversity.
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