Question

Major impact of globalisation on indian society and its economy

Answer 1

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━━━━━━━━━━━━━━━━━━━$\mathfrak{\green{Answer.}}$Economic effect: farmers are suffering due to cheap import, small traders are suffering due to big malls like walmart. There is dispute going on export subsidies India providing to its farmer at WTO forum. On the other hand, globalisation has given chance to expand Indian IT sector+ pharma sector + Agricultural processed material. These Steps provides us foriegn currency. The increasing foreign reserve gives us chance to have more development activities.


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Answer 2

Explanation:

Economic effect: farmers are suffering due to cheap import, small traders are suffering due to big malls like walmart. There is dispute going on export subsidies India providing to its farmer at WTO forum. On the other hand, globalisation has given chance to expand Indian IT sector+ pharma sector + Agricultural processed material. These Steps provides us foriegn currency. The increasing foreign reserve gives us chance to have more development activities.