Explain the positive effects of globalization in Indian economy.
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india can do trade with other countries
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Globalisation is the process of interconnection between countries.
MNCs play a major role in promoting globalisation.
Positive effects of globalisation:
a. MNCs have increased their investment in India.
b. MNCs have been investing in the industries like cell phones, automobiles, fast food, banking, soft drinks, etc.
Hence new jobs have been created in these industries.
c. Globalisation has also created new jobs in IT sector like call centre jobs, data entry, accounting, administration, engineering, etc.
d. Consumers have started enjoying the improved quality at lower prices for several products.
e. Several of the top Indian industries have emerged as multinational because of increased competition.
Eg: Asian paints
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