Haw has privatization an globalization effected the growth of india economy Explain
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Increase in Inequalities: - globalization has benefited MNCs and big industrial units but small and cottage industries are adversely hit by it. It has increased inequalities in India. Bad Effect on Culture and Value System: - Many global companies sell such products as distort our culture and value system.
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The privatization an globalization effected the growth of India economy
Explanation:
- The impacts of the globalization of the Indian economy have resulted in rising in per capita income, rise in employment, rise in FDI, and reduction in the employment rate.
- The globalization of Indian business has been possible with the opening of doors to foreign exports.
- There has been an improvement in the balance of payments. Also has seen an increase in mergers and acquisitions.
- While privatization has led to the transfer of ownership and business, from the government to the private sector. Decentralization in the transfer of ownership, limiting the scope of the public sector.
- This has helped to transform the economy of the nation from mono to poly.
Learn more about the how has privatization an globalization effected the growth of India economy.
- brainly.in/question/15439965 answered by yogichaudhary.
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