Question

Explain the factors that have been enabled globalisation in India.

Answer 1

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The factors which have enabled

globalisation in India are:-

1. During the past 50 years, several

improvements in technology have taken place.

For example, in transportation technology,

containers are now used for the transportation

of goods. This has led to huge reduction in cost

and increase the speed in reaching the goods

to the markets.

2. Telecommunication facilities are used to

contact one another around the world and to

communicate from remote areas. Internet

enables us to send instant electronic mail and

talk across the world at negligible costs.

3. The Government of India has removed

barriers or restrictions to trade set earlier. This

step, called liberalisation, has enabled goods

and services to exported and imported easily.

Multinational’s have been allowed to set-up

factories and offices in India. Due to this, there

is greater integration of production and markets

across countries.