Globalisation has proved to be advantageous for the Indian
economy on the account of
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Ans. Benefits of Globalization of India : (i) Increase in the volume of trade in goods and services. (ii) Inflow of Private Foreign Capital and export orientation of the economy. (iii) More availability of investible funds in the form of FDI.
Explanation:
National accounts or national account systems (NAS) are defined as a measure of macroeconomic categories of production and purchase in a nation. These systems are essentially methods of accounting used to measure the economic activity of a country based on an agreed upon framework and set of accounting rules.
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