How has globalisation affected the life of Indians ? Explain with examples
Answers
Globalization has brought violation of journalistic ethics in India. To summarize, the process of globalization has changed the industrial pattern social life of global people and it has immense impact on Indian trade system. Globalization has resulted in increase in the production of a range of goods.
Explanation:
Answer:
Effect of globalisation on the lives of people are:
(i) Increased their investment in industries such as cell phones, automobiles, electronics, soft drinks, fast food or services such as banking in urban areas.
(ii) New jobs have been created.
(iii) Local companies supplying raw materials to these industries have prospered.
(iv) Increased competition.
(v) Several top Indian companies have been able to benefit from the increased competition. They have invested in newer technology and production methods and raised their production standards. Some have gained from successful collaborations with foreign companies.
(vi) New opportunities for service such as data entry, accounting, administrative tasks, engineering are now being done cheaply in countries such as India and are exported to the developed countries.
Explanation: