Question

impact of globalisation in india
miminmum 200 words

Answer 1

Impact of globalization on Indianeconomy- An overview. Indianeconomy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization andGlobalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive.

Answer 2

Globalization is the process of growing, developing and expanding the business, services or technologies all through the world. It is the expansion of various businesses to the global markets throughout the world. It requires huge international investment to develop large multinational corporations for the worldwide economic integration. It is to increase the connectivity and interdependence of the businesses in the worldwide markets. In the last few decades, globalization has taken the form of technological advancement which resulted in easier travel, communication, and other businesses on international level for the people. On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.