what do you mean by globalization? what are the effects of globalization in India
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Answer:The following are the positive impacts of globalisation on the Indian economy: 1) Increased foreign investment in India. 2) Greater cultural exchange because of greater movement of the people. This has greatly helped the tourism sector in India. 3) Opening up of the Indian markets to foreign goods
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Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. ... Likewise, for centuries, people and corporations have invested in enterprises in other countries
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Impact of Globalisation on India
Technology: has reduced the speed of communication manifolds. ...
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.
Faster Transportation: Improved transport, making global travel easier.
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