Question

how has globalisation affected the indian economy?

Answer 1

If  we are discussing globalization and the Indian economy, then talking about the negative effects is also important. The informal sector is purposely not listed in the labor legislation. For example, informal workers aren’t the subject considering the 1948 Factories Act. This scheme covers vital factors such as common working conditions, safety, and health, the ban on child labor, working hours etc.  Also, globalization has caused poor health, disgraceful working conditions, as well as bondage, happening in different parts of the country.

Answer 2

Globalization has afected the indian economy in the following ways..

1. The citizens of india now have a wider choice of products to choose from and this has ultimately led to the rising of living standards.

2. Globalization has enabled many huge indian companies to emerge as mncs themselves..

3. It has had varied impacts on producers at different levels.

5. It has brought in much needed foreign exchange.

6. It has enabled the producers to compete in markets other than their domestic markets.

7. This has ultimately led to the products of the native producers getting improved and has allowed them to expand their businness