Explain the term globalisation. Explain 'long term trade policy of the globalisation of the Indian economy.
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Answer:
The growth of foreign investment in the field of corporate, retail, and the scientific sector is enormous in the country. It also had a tremendous impact on the social, monetary, cultural, and political area. In recent year, Globalisation has increased due to improvements in transportation and information technology.
Explain the term globalisation. Explain 'long term trade policy of the globalisation of the Indian economy.
Globalisation refers to the system in which all the countries of the world break the shackles of their borders and come closer to each other under a common system. In globalisation, rules are relaxed and trade is accelerated among all countries.
Due to the process of globalisation, the whole world is transformed into a global village. That is why globalisation is very important in today's time.
Due to globalisation, India has been adopting its long-term policy, due to which India has got many benefits. This increases employment. Indian skills grow. Indian talent finds the right path. Due to the high population in India, there is no employment but there is no pressure and skilled youth go to other countries in search of employment.
Even in India, big multinational companies increase their business, due to which employment opportunities increase here too.
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