Explain visible impacts of globalisation on the Indian economy, with two examples.
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Answer:
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Explanation:
Economic effect: As the supermarket structure arrived in India, it is very difficult for the farmers to sustain. Due to cheap import, small traders are really suffering. On the other hand, globalisation has given chance to expand Indian IT sector+ pharma sector + Agricultural processed material.
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.
Answer:
MNC's have increased their investment in India leading to more Job opportunities. 5. Globalisation has enabled some large Indian companies to emerge as MNC's themselves like Tata Motors, Infosys, Ranbaxy, Asian Paints, etc. ... Local companies supply raw materials to foreign industries and have prospered
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