Question

how has globalization benefited india explain with five examples?

Answer 1

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.

Answer 2

Globalization

Explanation:

Globalization is the openness to foreign investment and trade. Globalization has improved the development of many countries, including India, as it creates economic interdependence among the countries.  

Indian economy has seen a marked improvement since opening up for globalization.

1. Shifted to export-led growth strategy from import substitution
2. Boosted inflow of foreign capital
3. Transfer of technology from developed countries
4. Wide market for products
5. Reduced poverty
6. Increased employment

All the above advantages have resulted in improved economy, increased business and reduction of poverty in the country.