globalization and its impact on the indian economy
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Explanation:
Globalization had its impact on various sectors including Agricultural, Industrial, Financial, Health sector and many others. It was only after the LPG policy i.e. Liberalization, Privatization
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Impact of Globalisation in India
Greater competition among producers – both local and foreign producers has been of advantage to consumers.
There is greater choice before these consumers who now enjoy improved quality and lower prices for several products.
Foreign investment has increased.
Increased competition has encouraged top Indian Companies to invest in newer technology and production methods and raise their production standards.
Globalisation has enabled some large Indian Companies to emerge as Multinational.
Created new opportunities for companies providing services particularly those involving Information Technology.
Hope it helps :)
Greater competition among producers – both local and foreign producers has been of advantage to consumers.
There is greater choice before these consumers who now enjoy improved quality and lower prices for several products.
Foreign investment has increased.
Increased competition has encouraged top Indian Companies to invest in newer technology and production methods and raise their production standards.
Globalisation has enabled some large Indian Companies to emerge as Multinational.
Created new opportunities for companies providing services particularly those involving Information Technology.
Hope it helps :)
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