Question

What is globalisation explain impact of globalisation in india?

Answer 1

Globalization increased competition in the Indian market between the foreign companies and domestic companies. With the foreign goods being better than the Indian goods, the consumer preferred to buy the foreign goods. This reduced the amount of profit of the Indian Industry companies.

Answer 2

Answer:

Globalization refers to a freeing the countries from doing export and import from other countries ..

Explanation:

It helps alot to India in getting petroleum and developing economy by receiving foreign currency...