what is globalisation and how India is response to it
Answers
Answer:
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
Explanation:
Globalization has improved the development of many countries, including India, by creating economic interdependence among them. In fact, globalization has been very beneficial to India and hence has improved the country's economic development. ... Openness to foreign trade and investment explains the rapid growth of India.
Answer:
Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities.[1] India had the distinction of being the world's largest economy in the beginning of the Christian era, as it accounted for about 32.9% share of world GDP and about 17% of the world population. The goods produced in India had long been exported to far off destinations across the world.The concept of globalization is hardly new to India.
India's response to globalisation -
Globalisation implies industrialisation, the spread of knowledge, commerce, individual communications through electronic mail [e-mail], trade and an unprecedented exchange of cultural values [food, dress and language]. India was first introduced to the Industrial Revolution through Britain's East India Company.