Question

Impact of globalisation ​

Answer 1

hey mate, here is your answer.....

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✔Technology

✔LPG reforms

✔Faster transportation

✔Rise of WTO

✔Improved mobility of capital

✔Rise of MNCs

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Answer 2

Answer:

Firstly, MNCs have increased their investments in India. These new industries have created new job opportunities and the local companies supplying them raw materials etc. have prospered.

Secondly, some top Indian companies have been able to profit from the foreign competition. They have invested in newer technologies and raised their production standards, thus leading to an improved quality of products.

Globalization has allowed some top Indian companies, like Ranbaxy, Infosys and Asian Paints to become multinationals themselves.

Globalization has created new opportunities for the service sector, especially the IT industry too.

Globalization has also exposed small domestic producers to foreign competition, which is preventing them from flourishing. The service sector has gained more from globalization than agriculture.

The impacts of globalization have not been uniform for all.