Question

mention two major effect of globalisation ​

Answer 1

Explanation:

The following are the positive impacts of globalisation on the Indian economy:

1) Increased foreign investment in India.

2) Greater cultural exchange because of greater movement of the people. This has greatly helped the tourism sector in India.

3) Opening up of the Indian markets to foreign goods.

Answer 2

Answer:

At the same time, global economic growth and industrial productivity are both the driving force and the major consequences of globalization. They also have big environmental consequences as they contribute to the depletion of natural resources, deforestation and the destruction of ecosystems and loss of biodiversity