Question

what is globalization explain the positive impact of globalization on Indian economy​.

Please give me correct answer.​

Answer 1

Answer:

Globalization, or globalisation, is the process of interaction and integration among people, companies, and governments worldwide. Globalization has accelerated since the 18th century due to advances in transportation and communication technology.

Positive effects of globalisation on Indian economy:

• The growth of foreign investment is enormous in the country in all sectors of development.
• Has a tremendous impact on the social, monetary, cultural, and political area.
• Due to improvements in transportation and information technology globalisation has taken a giant leap.
• With the opportunity of Special Economic Zones (SEZ), there is an increase in the number of new jobs opportunity.
• Due to the skill and knowledge a foreign company offers the Indian firms are increasing the compensation which indirectly is a positive impact on globalisation.
• The Indian economy and the standard of living of an individual has increased.
• Many cities are undergoing a better standard of living along with business development and improving the class of their lifestyle.

Answer 2

Answer:

Which class you read.

where you are live