How are India market transpormed with globalisation
Answers
Answer:
The various transformation in Indian market in recent years are(i) There is availability of wide range of choice of goods and services.(ii) Products are of better quality.(iii)Good quality products qvailable at low costs. After the advent of globalisation many changes has occured in the Indian markets.
Explanation:
Globalization has opened new markets for Indian companies to sell their services and products. They have cheap resources such as labor due to which they can compete with other companies at international level.
Foreign investors invested in India to establish their businesses due to cheap resources. It will increase output, employment opportunities and economic development of the country.
Living standard of people in India has been developed due to increase in the wages of skilled and unskilled labor. The poverty ratio of urban and rural areas has been decreased to a greater level. These results are due to government policies and strategies to encourage foreign investors to invest in India.