Question

explain the effects of globalisation in indian economy

Answer 1

Hey There! Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive.

Globalization has improved the development of many countries, including India, by creating economic interdependence among them. In fact, globalization has been very beneficial to India and hence has improved the country's economic development. It has created greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.





PLEASE MARK ME BRAINLIEST✌✌✌✌