Is globalisation affecting the indian Economy? Discuss in 250 words
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Globalization is affecting the Indian economy positively and negatively with many reasons . It reducing the demand of product . With so many MNC's having operations in India, thousands of young people have got employment. Once Indian companies having monopoly in the Indian market are today trying hard to compete with foregion compititors.
Globalisation has opened up several doors for the Indian economy.
Firstly, Indian companies are able to source for raw material across the world.
Secondly, Indian manufacturers are able to look for markets around the globe.
Thirdly, Indian experts are finding better work opportunities as they are in great demand everywhere.
Fourthly, companies that are in the Informational Technology space have taken India to stratospheric heights with the help of a population that is very conversant with the English language. Due to the last three factors, India's foreign exchange reserve is building up at a frenetic pace.
i hope this helps u :-)
Globalisation has opened up several doors for the Indian economy.
Firstly, Indian companies are able to source for raw material across the world.
Secondly, Indian manufacturers are able to look for markets around the globe.
Thirdly, Indian experts are finding better work opportunities as they are in great demand everywhere.
Fourthly, companies that are in the Informational Technology space have taken India to stratospheric heights with the help of a population that is very conversant with the English language. Due to the last three factors, India's foreign exchange reserve is building up at a frenetic pace.
i hope this helps u :-)
aasthajain1:
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