how are Indian market transformed globalisation
Answers
1.The economy of our country has rapidly grown with the onset of LPG (Liberalisation, Privatisation and Globalisation) reforms in 1991. ?
2. MNCs play a vital role in the world market and as a result foreign investment in the country has increased.
3. Foreign trade effects in integration of domestic markets in different countries.
4. In recent times, technology in the areas of telecommunications, computers and internet has been changing rapidly.
5. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.?
Also globalisation has enabled some large Indian companies to emerge as multinationals themselves. Tata Motors (auto- mobiles), Infosys (IT), Ranbaxy (medicines) are some Indian companies which are spreading their operations worldwide.
In the present times we see the functioning of several MNCs in the market. This is one aspect of the globalisation.
One important characteristic of this are:
*removal of trade barriers
*free flow of capital
Ankur answered this
1.Due change in licence policy allow fo.co. to enter in into indian market 2. Change in tax policy i.e. reduce import duty and other taxes which increases goods price.
Answer:
After the advent of globalisation many changes has occured in the Indian markets. The various transformation in Indian market in recent years are
After the advent of globalisation many changes has occured in the Indian markets. The various transformation in Indian market in recent years are(i) There is availability of wide range of choice of goods and services.
After the advent of globalisation many changes has occured in the Indian markets. 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.
After the advent of globalisation many changes has occured in the Indian markets. 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. 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.(iv)We can easily avail the latest products with advance technology, e.g. Digital cameras, mobile
After the advent of globalisation many changes has occured in the Indian markets. 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.(iv)We can easily avail the latest products with advance technology, e.g. Digital cameras, mobilephones, etc. There products are affordable as well as. accessible.