Question

What are the impacts of globalisation

Answer 1

Answer:

• Greater competition among producers – both local and foreign producers has been of advantage to consumers.

• There is greater choice before these consumers who now enjoy improved quality and lower prices for several products.

• Foreign investment has increased.

• Increased competition has encouraged top Indian Companies to invest in newer technology and production methods and raise their production standards.

• Globalization has enabled some large Indian Companies to emerge as Multinational.

• Created new opportunities for companies providing services particularly those involving Information Technology.

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Answer 2

positive impacts of globalisation

1. MNCs have increased their investment in India
2. MNCs are interested in industries such as automobile,soft drinks etc
3. new jobs have been created
4. some Indian companies have successfully made collaboration with foreign companies....
5. Indian companies got benefits due to increased competitio
6. negative impacts of globalisation

• thousands of skilled and unskilled workers have become job less
• globalisation has negative impact on small producers
• many small producers were badly hit due to foreign competition