how has globalisation benefited India explain any five.
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Globalization has some positive political, cultural, economic, and ethical consequences. From a political perspective, globalization has lead to the rise of organizations designed to promote international cooperation. Globalization has fostered cross-cultural awareness and a sense of global civics.
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the impact of globalisation in India can be summarised in the following points.
- It helped in creation of new in India and the local companies who supplies raw materials to MNCs have also developed.
- several of the top indian companies have been able to benefited from the increased competition by investing in new technology and production methods.
- The globalisation had helped some indian companies to emerge as multinational themselves. eg= Tata motors,infosis etc
- It creates variety of option of goods to the consumers.
- It has also created new opportunities companies providing services, particularly those involving in IT.
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