what is the impact of the globalization in Indian market
Answers
Explanation:
the the various negative effects of globalisation on Indian industry are that increasd competition competition in the Indian market between the foreign companies and domestic companies with the foreign goods been better name the Indian goods the consumer preferred to buy the foreign goods it will increase output employment opportunities and economic development of the country living standard of people in India has been developed due to increasing the wages of skilled and unskilled labour the poverty ratio of urban and rural areas has been decreasing to a greater level
heya here i m with your ans
1) It creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world
2) It will increase output, employment opportunities and economic development of the country. Living standard of people in India has been developed due to increase in the wages of skilled and unskilled labor. The poverty ratio of urban and rural areas has been decreased to a greater level.
Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
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