Question

Explain the impact of globalisation in our Indian society

Answer 1

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$\boxed{Impacts\: of \:Globalisation\: in\: India}$

• Globalisation made greater competition among producers both local and foreign producers.

• Consumers get improved quality product at lower price.

• MNCs have increased their investment in India.

• Employment opportunities increased.

• Local companies supplying raw materials to MNCs have prospered.

• Globalisation enabled some large Indian companies to emerge as MNCs.

• It has also created new opportunity for companies providing services like IT companies.

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