What is the impact of globalization in indian economy?
Answers
Answered by
4
it integrate the indian market with world
Answered by
3
HEY!!
The following are the impacts of globalisation on Indian economy:-
1) Increased rate of growth of the Indian economy which is proceeding presently at around 7%. This is in comparison to the 3.5% average growth rate for the first four decades after independence.
2) Liberalisation of the restrictions upon Foreign Direct Investment in various sectors as well as removal of restrictions on imports in the form of tariffs. This has been done to increase the investments in the economy. Also, many industries that were previously open only for public sector have now been thrown open for the private sector.
The following are the impacts of globalisation on Indian economy:-
1) Increased rate of growth of the Indian economy which is proceeding presently at around 7%. This is in comparison to the 3.5% average growth rate for the first four decades after independence.
2) Liberalisation of the restrictions upon Foreign Direct Investment in various sectors as well as removal of restrictions on imports in the form of tariffs. This has been done to increase the investments in the economy. Also, many industries that were previously open only for public sector have now been thrown open for the private sector.
Similar questions