In the last twenty years, the globalisation of the Indian economy has come a long way.
What has been its effect on the lives of people?
How would flexibility in labour laws help companies?
Answers
Answer:
hope it helps
Explanation:
* As a result, these people today, enjoy much higher standards of living than was possible earlier. Among producers and workers, the impact of globalization has not been uniform.
*Flexibility in labor laws will help companies in being competitive and progressive. ... Instead of hiring workers on a regular or permanent basis, companies can hire workers flexibly for short periods when there is intense pressure of work
Explanation:
Many MNCs are making an investment in India in different sectors like insurance banking and food processing.
These investments have benefited people in a, number of ways which has resulted in the development of the country.
Now people have choices. They can buy anything of their choice costly or cheap.
People are getting jobs with a handsome salary.
The living standard of people has increased.
Many projects are going on with the help of foreign investment. Different states are making efforts to attract foreign companies to make an investment in their states and are successful in their mission.