What is Globalization? Explain the effects of Globalization on Indian Industry.
Answers
Globalization is an important element of economic reform, introduced in India in 1991. ... This implies that it should raise the rate of Economic growth in country and reduce poverty and that it should not increase inequalities in the Economy, Also, There should be social integration of the economy with rest of the world.
Negative effects of Globalization. Globalization can damage environment of India due to the establishment of industry at large scale. It has brought water and air pollution e.g. Delhi is one of the most polluted cities of the world......
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Answer:
➡️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.