Positive and negative impacts of globalisation 0
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Answer:
Positive impacts of globalisation
Globalisation is having a dramatic effect - for good or bad - on world economies and on people's lives. Some of the positive impactsare: ... TNCs bring wealth and foreign currency to local economies when they buy local resources, products and services.
Answer:
Positive Impacts of Globalisation on the Indian Economy
Increased investments in Indian markets by MNCs have led to the growth of the Indian economy. In many fields such as automobiles, smartphones, soft drinks, fast foods and garments, MNCs have created a vast choice of products for consumers.
Local companies supplying raw materials to MNCs have developed and prospered. Many Indian companies such as Tata Motors and Ranbaxy have become multinational companies themselves.
Negative Impacts of Globalisation on the Indian Economy
Growth has been witnessed only in few selected areas in the service sector such as hospital services, information and technology, and telecommunication.
To earn maximum profits, MNCs employed Indian workers at extremely low wages. Only in urban areas, the standard of living has improved. Their income and the quality of consumption also increased. This has led to inequalities of income in the country.
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