Question

Impact of globalisation in India

Answer 1

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━━━━━━━━━━━━━━━━━━━$\mathfrak{\green{Answer.}}$Globalization has improved the development of many countries, including India, by creating economic interdependence among them. In fact, globalization has been very beneficial to India and hence has improved the country's economic development. ... Openness to foreign trade and investment explains the rapid growth of India.
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Answer 2

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$\boxed{Impacts\: of \:Globalisation\: in\: India}$

• Globalisation made greater competition among producers both local and foreign producers.

• Consumers get improved quality product at lower price.

• MNCs have increased their investment in India.

• Employment opportunities increased.

• Local companies supplying raw materials to MNCs have prospered.

• Globalisation enabled some large Indian companies to emerge as MNCs.

• It has also created new opportunity for companies providing services like IT companies.

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