Question

What is the impact of globalization on the consumers of India ?​

Answer 1

Answer:

Globalization has Reduced Consumer Prices. Equally important, if not more, is that the new business opportunities created by globalization ultimately have resulted in lower consumer prices.

Answer 2

Answer:

. Globalization and greater competition among producers—both local and foreign—have been of advantage to consumers, particularly the well-off sections in the urban areas.

. There is a greater choice before these consumers who now enjoy improved quality and lower prices for several products.

. As a result, these people today enjoy much higher standards of living than was possible earlier.