English, asked by cacoon4858, 9 months ago

Prepare an outline presentation on any of the following globalization and its impact on the Indian economy

Answers

Answered by mad210205
14

              Globalization and it's impact on India economy

Explanation:

Let us first understand what globalization actually means. If we look at the History of globalization, large scale globalization was first observed in the 19th century. The process of interaction and unity among people, Community, governments and organizations is known as globalization. The growth of globalization was mainly due to exchange of ideas among people, trade between different groups, and the advancement in transportation systems and the revolution in communication sector.

The major part of the Indian economy comes from the import and export of goods and services. This not only generates revenue for our country, but also we share and exchange our ideas and thoughts with the world. In the earlier days, states were not being able to communicate with other states which were not in their close proximity. But, due to the rise of technological advancement, we are being able to trade, communicate and propagate our ideas in any part of the world.

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