explain the effects of globalisation in India
Answers
Answered by
2
hii viewer here's ur answer
Globalization is the world turning into one something more like 1 country rather then a collection of them. Free trade like there is insude a country. A global government like a national goverment. Thus has possitive and negative asspects and is a highly debated topic.
Ill-Effects of Globalization
MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)
Good-Effects of Globalization
High FDI —-> Many Industries —-> More Employment —-> Increase in GDPUtilisation of resources efficiently( MNCs are experts in using resources efficiently)It will help in increase exports and to reduce DEFICIT rateFor a country with huge population like India, creating employment is a huge task which a government cannot do alone. So it helps government in employment generation programs and poverty alleviationCSR(corporate social responsibility) activity helps the local area to develop and acquire minimum needsIt will bring new & advanced technologies to technically backward country like IndiaFood Processing, Telecom, white labelled ATM, Railway infrastructure, Medical services & Infrastructure are given 100% FDI since it will help India greatly to achieve government’s long term goals
As RaghuRam Rajan told, India should carefully handle FDI otherwise it will be the biggest blunder in the history!
Thank You!!!
if you like my answer plzz mark as brainliest one
Globalization is the world turning into one something more like 1 country rather then a collection of them. Free trade like there is insude a country. A global government like a national goverment. Thus has possitive and negative asspects and is a highly debated topic.
Ill-Effects of Globalization
MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)
Good-Effects of Globalization
High FDI —-> Many Industries —-> More Employment —-> Increase in GDPUtilisation of resources efficiently( MNCs are experts in using resources efficiently)It will help in increase exports and to reduce DEFICIT rateFor a country with huge population like India, creating employment is a huge task which a government cannot do alone. So it helps government in employment generation programs and poverty alleviationCSR(corporate social responsibility) activity helps the local area to develop and acquire minimum needsIt will bring new & advanced technologies to technically backward country like IndiaFood Processing, Telecom, white labelled ATM, Railway infrastructure, Medical services & Infrastructure are given 100% FDI since it will help India greatly to achieve government’s long term goals
As RaghuRam Rajan told, India should carefully handle FDI otherwise it will be the biggest blunder in the history!
Thank You!!!
if you like my answer plzz mark as brainliest one
Anonymous:
thanks bro for making mine as brainliest one
Answered by
0
In India the effects of globalisation are positive and negative as well. Globalisation increased our GDP and per capita income,emerging elite middle class,fetched FDI which is very helpful to our country,advanced in technology, connected our economy with world economy are some positive effects.
Similar questions