Impact of globalisatmon industrial development and industrial region in india
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Impact of globalisatmon industrial development and industrial region in india?
Effects of globalization in Indian Industry are observed as this process brought in large amounts of foreign investments into the industry especially in the BPO, pharmaceutical, petroleum, and manufacturing industries. As a result, they boosted the Indian economy quite significantly.
Jobs in the technology and business sectors have many benefits. However, only people in those sectors are benefiting. The overall employment rate for the country has decreased, while the number of job seekers is increasing at a yearly rate of 2.5%. Despite those statistics, the GDP is increasing every year. Growth is limited to some states, including Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu. Other states like Bihar, Uttar Pradesh (UP), Orissa, Madhya Pradesh (MP), Assam, and West Bengalremain poverty-stricken.