Question

Is globalisation affecting the Indian economy comment

Answer 1

It depends on government, people, industries, integration to take benefits of new concept. Lobbies and vested interests dislike new system then they try to sabotage, this is happened in India. 1991 reforms could have implemented faster than today but congress was bought so we suffered.

India is feudal so our private corporate s ,so do not expect globalization in India more than 40 % so we are lagging despite our strong fundamentals.Our obsolete and labor intensive industries closed down due modern hi-tech products imported in India , well done because it increased speed that made us quality conscious. Our feudal businessmen exploited labor and cheated customers too.

Answer 2

Let me try to help.

Globalization is indeed helping the Indian economy to grow, this may be viewed from this perspective,;

Globalization has actually increased the rate at which members of the society integrate across the globe. It has made it possible for emergence of trading activities between India and other surrounding states which boosts economy.