Why is globalization important??
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Answer:
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Globalization is the ability to move and communicate easily with others all over the world in order to conduct business inter nationally. So that there is change in Indian economy .
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The importances of globalization are as follows:-
(a) Proper use of Resources:
Globalization leads to expansion of markets and this enable organization to make proper use of available resources.
(b) Multiple choices:
No country is self sufficient and every country depends upon other country. Globalization has solved this problem and people can have better choice to satisfy their need.
(c) Foreign Exchange:
Globalization encourage exports and discourage imports. This help to earn foreign exchange.
(d) Creates Employment:
Globalization helps to provide employment to a large number of people. Multinational companies such as Business Process Outsource popularly known as Call centre employs and appoint a large number of personnel with high pay scale and other benefits.
(e) Government incentives:
Government also provides various incentives in taxes, custom duties, pre-shipment finance, post shipment finance and many more. This is done to encourage globalization.