What is the need from industries,in this age of globalisation?
Answers
Globalization means sharing the resources that are useful to others as well as the sharing is beneficial for their economics. Considering India, we lack in advancement of technology, though we have vast improvement in last decade but still we export such technologies from foreign countries and not inventing such products that the world demand from us. Due to this scenario our exports are less than compared to our export, which results in decrease in value of Indian Rupees. Yes, I am agree we are not up to that extent that we can build such techs by our own research and hence we require them to enlighten us in such fields for starting, but if there will be no invention happening from our country and only Western invention are gonna imported by us nothing exported in balance, then this globalization is not truly worthy to India. But, as earlier many friends said globalization is inevitable, since demand of fuel in India and no resources for the same unlike you Just found out shell gas as alternative fuel to decrease their dependency on Arab countries, we don't have such natural resources, and by only exporting of spices and other simple goods we're not going to balance the effect on economy. So, my conclusion is that globalization is necessary for our country based on our situations but it is also must to balance its effects on our economy by inventing something that other countries depend on us and increase our export, this is what is needed to continue globalization by our country side.