how are the Indian markets transformed with globalisation
Answers
Indian markets gained more exposure. Also the fact that globalization led to privatisation in many areas. For instance, insurance sector, banking sector got great impetus with globalisation.
There was a sudden rise in employment; salaries also saw a considerable rise with the advent of globalization.
More importantly, business houses in India saw this as a challenge and began to compete globally.
Huge investment started pouring in.
Prior to Globalisation, the Indian market was conservative and scope was narrow. Globalisation opened up the market and provided a range of vast opportunities for business to develop and grow – nationally and internationally.
Breakthrough in transport and communication technologies aided in this unprecedented growth. Along with trade, ideas and culture thrived, which helped the large Indian market to grow. Almost all sectors of Indian market were benefitted by globalisation.