State some good effects of globalisation in India.
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Answers
Explanation:
Globalization has been defined as the process of rapid integration of countries and happenings through greater foreign trade and foreign investment. It is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture.
What are the factors aiding globalisation?
1) Technology: has reduced the speed of communication manifolds. The phenomenon of social media in the recent world has made distance insignificant.
The integration of technology in India has transformed jobs which required specialized skills and lacked decision-making skills to extensively-defined jobs with higher accountability that require new skills, such as numerical, analytical, communication and interactive skills. As a result of this, more job opportunities are created for people.
2) LPG Reforms: The 1991 reforms in India have led to greater economic liberalisation which has in turn increased India’s interaction with the rest of the world.
3) Faster Transportation: Improved transport, making global travel easier. For example, there has been a rapid growth in air-travel, enabling greater movement of people and goods across the globe.
4) Rise of WTO: The formation of WTO in 1994 led to reduction in tariffs and non-tariff barriers across the world. It also led to the increase in the free trade agreements among various countries.
5) Improved mobility of capital: In the past few decades there has been a general reduction in capital barriers, making it easier for capital to flow between different economies. This has increased the ability for firms to receive finance. It has also increased the global interconnectedness of global financial markets.
6) Rise of MNCs: Multinational corporations operating in different geographies have led to a diffusion of best practices. MNCs source resources from around the globe and sell their products in global markets leading to greater local interaction.
These factors have helped in economic liberalization and globalization and have facilitated the world in becoming a “global village”. Increasing interaction between people of different countries has led to internationalization of food habits, dress habits, lifestyle and views.
Globalization and India:
Developed countries have been trying to pursue developing countries to liberalize the trade and allow more flexibility in business policies to provide equal opportunities to multinational firms in their domestic market. International Monetary Fund (IMF) and World Bank helped them in this endeavour. Liberalization began to hold its foot on barren lands of developing countries like India by means of reduction in excise duties on electronic goods in a fixed time frame.
Indian government did the same and liberalized the trade and investment due to the pressure from World Trade Organization. Import duties were cut down phase-wise to allow MNC’s operate in India on equality basis. As a result globalization has brought to India new technologies, new products and also the economic opportunities.
Despite bureaucracy, lack of infrastructure, and an ambiguous policy framework that adversely impact MNCs operating in India, MNCs are looking at India in a big way, and are making huge investments to set up R&D centers in the country. India has made a lead over other growing economies for IT, business processing, and R&D investments. There have been both positive and negative impacts of globalization on social and cultural values in India.
IMPACTS OF GLOBALISATION IN INDIA
Economic Impact:
Greater Number of Jobs: The advent of foreign companies and growth in economy has led to job creation. However, these jobs are concentrated more in the services sector and this has led to rapid growth of service sector creating problems for individuals with low level of education. The last decade came to be known for its jobless growth as job creation was not proportionate to the level of economic growth.
More choice to consumers: Globalisation has led to a boom in consumer products market. We have a range of choice in selecting goods unlike the times where there were just a couple of manufacturers.
Higher Disposable Incomes: People in cities working in high paying jobs have greater income to spend on lifestyle goods. There has been an increase in the demand of products like meat, egg, pulses, organic food as a result. It has also led to protein inflation.
Answer:
Melinda's family moved to a new house in a new town in June. Their new house had an extra bedroom for visitors to sleep in. It was at the end of a short street lined with tall maple trees. Best of all, there was a pond across the street. Everyone called the pond the Frog Pond, but there weren't any frogs there. "That's just what people around here call a small, shallow bit of water that doesn't ever have much water in it," Dad explained. "I think they should call it the Turtle Pond instead," said Melinda. "There are lots of turtles there that like to crawl up on the shore to sit in the sun." From that day on, Melinda's family called it the Turtle Pond, even though no one else did. Every day that summer, Melinda took a walk around the pond. There were sunny spots and shady spots, and a small wooden dock that people once used for boats. Melinda liked to sit on the dock and splash her feet in the water. Melinda also met many children at the pond, so by the time school started, she had plenty of friends already. As autumn drew nearer, Melinda saw less of the turtles, who were spending their days deep under the water and slowing down for the winter. As the maple leaves turned bright red and fell to the ground, the pond was filled with big, brown geese. The geese would honk loudly as they stopped for a rest, but they never stayed for long. They were in a hurry to fly south for the winter. Each day was colder than the last, and Melinda didn't spend much tie at the Turtle Pond anymore. One day on her way from school, she noticed that the pond looked foggy. "What's wrong with the water, Dad?" "Nothing," Dad replied. "That's just ice. The pond is starting to freeze for the winter. When the ice is thick enough, we can go ice skating." Melinda was excited. She couldn't wait to glide across the pond on her skates. A week later, Dad work Melinda up very early. "The ice is ready!" he cried. Dad and Melinda crossed the street to the pond and sat on the dock to lace up their skates. The sun was barely up and it was very quiet. The ice was perfectly smooth on the surface, though Melinda could see some fall leaves trapped in the ice below. Melinda stood up carefully and stepped off the dock. With one push, she was flying across the ice with the cold air rushing past her. Dad caught up, and together they made long, looping circles across the ice. Soon other families would wake up and come to skate, but for now they had the whole pond to themselves. Questions 1. Describe Melinda's new house. 2. What animals does Melinda see at the pond? 9 3. How does Melinda feel while skating? 4. Which season would be your favorite at the Turtle Pond? Why? Write antonyms: 1. New 2. Shallow 3. Quiet Write synonyms 1. Looping 2. Trapped 3. Barely Make sentences with the following words: 1. Lined 2. Crawl 3. Honk 4. Foggy can anybody please solve this comprehension