How is globalisation impacting India?
HOW IS INDIA IN TURN IMPACTING GLOBALISATION?
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he impact of globalisation in India has been tremendous .
1 . Greater competition among producers resulting from
Globalisation is a great advantage to consumers as there is
greater choice before them . Consumers now enjoy
improved quality and lower prices for several products .
2 . Due to globalisation many MNCs have increased their
investments in India . This means thousands of people are
getting highly paid jobs and , enjoy much higher standards
of living than was possible earlier .
3 . Local companies supplying raw materials, to these
industries have prospered .
4 . Top Indian Companies have benefit from increased
competition. They have invested in newer technology and
production methods and raised their production standards .
5 . Some Indian companies have gained from successful
collaborations with foreign companies .
6 . Large Indian companies have emerged as multinationals
like Tata Motors .
7 . Globalisation has also created new opportunities for
Indian companies providing services, particularly in the IT
field. Services such as data entry , accounting , and
administrative tasks, are now being done cheaply in India
and exported to the developed countries . This has
generated thousands of jobs .
1 . Greater competition among producers resulting from
Globalisation is a great advantage to consumers as there is
greater choice before them . Consumers now enjoy
improved quality and lower prices for several products .
2 . Due to globalisation many MNCs have increased their
investments in India . This means thousands of people are
getting highly paid jobs and , enjoy much higher standards
of living than was possible earlier .
3 . Local companies supplying raw materials, to these
industries have prospered .
4 . Top Indian Companies have benefit from increased
competition. They have invested in newer technology and
production methods and raised their production standards .
5 . Some Indian companies have gained from successful
collaborations with foreign companies .
6 . Large Indian companies have emerged as multinationals
like Tata Motors .
7 . Globalisation has also created new opportunities for
Indian companies providing services, particularly in the IT
field. Services such as data entry , accounting , and
administrative tasks, are now being done cheaply in India
and exported to the developed countries . This has
generated thousands of jobs .
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