Question

What was ge umpact of globaisation on india class x?

Answer 1

$\large\underline{Globalization}$

Globalization is a process of fluent flow of workforce, capital, information and technology between economics all over the world. By globalization, domestic economy gets the international level.

$\large\underline{Impact \: Of \: Globalization}$

The impacts of globalization in India are not merely positive but also negative. These impacts are given below :

$\red{Negative \: Impacts}$

1. $\bf {Reduction \: in \: state's \: power}$ :-

Globalization forces on the less involved state and emphasis the market powers. By this state's powers are reducing.

2.$\bf{Exploitation \: of \: culture}$ :-

Globalization exploits the cultures of countries as it is constantly influencing people financially, traditionally and socially.

3. $\bf {Going \: to \: the \: west}$ :-

Globalization supports the west tradition and culture weather it is of food or dress-up. People have accepted the west thoroughly and it gives sufficient scope to American control.

$\green{Positive \: Impacts}$

1.$\bf{Increase \: in \: world \: trade}$:-

Just because of globalization, world trade is rapidly increasing and countries are now able to boost up their GDP.

2.$\bf{ World \: harmony}$ :-

People all over in the world are getting connected with each other only because of globalization. This is increasing world harmony and peace.

3. $\bf{Technical \: era}$ :-

The technologies available due to globalization are facilitating the human life. Society as well as people are becoming modern and technical.