What are the negative impact of globalisation in india long question
Answers
Answer:
Explanation:
There are some negative impact of globalization such as this process made disparity between rural and urban Indian joblessness, growth of slum capitals and threat of terrorist activities. Globalization increased competition in the Indian market between the foreign companies and domestic companies.
Answer: Question-1
What are the factors that have enabled globalisation ?
Solution:
Rapid improvement in transportation and communication technology and the liberalisation of trade restrictions and foreign investment have been the major factors that has enabled the globalisation process.
The dramatic improvement in transportation technology has played a vital role in faster delivery of goods across long distances at lower costs and in the movement of people from one country to another in a short time. As the basis of gloalisation is foreign trade movement of goods and people are vital for globalisation.
Liberalisation of foreign trade and investment policy has speeded up the globalization process. During the end of the 20th century, India removed trade barriers and foreign goods flooded the Indian market. Barriers on foreign investment were also removed to a large extent enabling many MNCs to set up their factories in India.
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