what is Globalisation ?
Answers
Globɑlizɑtion is ɑ process of interɑction ɑnd integrɑtion ɑmong the people, compɑnies, ɑnd governments of different nɑtions, ɑ process driven by internɑtionɑl trɑde ɑnd investment ɑnd ɑided by informɑtion technology.
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Answer:
The term globalisation refers to the integration of the economy of the nation with the world economy. It is a multifaceted aspect. It is a result of the collection of multiple strategies that are directed at transforming the world towards a greater interdependence and integration.
It includes the creation of networks and pursuits transforming social, economical, and geographical barriers. Globalisation tries to build links in such a way that the events in India can be determined by the events happening distances away.
To put it in other words, globalisation is the method of interaction and union among people, corporations, and governments universally.
Effect of Globalisation in India
India is one of the countries that succeeded significantly after the initiation and implementation of globalisation. The growth of foreign investment in the field of corporate, retail, and the scientific sector is enormous in the country.
It also had a tremendous impact on the social, monetary, cultural, and political areas. In recent years, globalisation has increased due to improvements in transportation and information technology. With the improved global synergies, comes the growth of global trade, doctrines, and culture.