how is globalisation benefited India explain with five example
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Globalization has benefited India in the following ways:
- Increase in the economic development of the country.
- More job opportunities for people.
- Enabling local companies to trade internationally.
- Increased competition has decreased the price.
- Foreign brands are available in India.
EXPLANATION:
- Globalization is a term given to exchange of goods and services from one country to another countries.
- Due to the liberalization of markets that happened in India in 1991, the foreign companies got to trade with India and local companies also benefited from it by making their projects global.
- It has helped in speeding up the economic development of the country by providing many jobs to the people.
- Due to globalization, various products are available in market which leads to an increase in competition and hence declines in the prices and it also enabled the exchange of ideas from different countries.
To learn more about Globalization:
Positive and negative effects of globalization on economy
https://brainly.in/question/12499250
Globalization definition
https://brainly.in/question/183088
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Answer:
globalization is the process of interaction and integration among people
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