Question

impact of globlisation in india

Answer 1

Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities. ... The goods produced in India had long been exported to far off destinations across the world; the concept of globalisation is hardly new to India.

Answer 2

impact of globalisation on the country is manifold.

• Firstly, MNCs have increased their investment over the past 20 years , which is beneficial for them as well as for indians also. this is because these MNCs provide employment opportunities to the masses and local companies supplying raw material to these industries have proposed .
• Secondly, globalisation has failed to solve the problem of poverty and it has widened the gap between the rich and poor . only skilled and educated class has benefited from globalisation .
• Thirdly, there is a greater choice for consumers , with a variety of goods and at cheap prices. now consumers enjoy a much higher standard of living.