The impacts of the globalization on India economy are :

(i) Globalisation describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade.

Impact of globalisation: Increase in foreign trade, Increase in foreign investors.

Exchange of technologies between two countries.

(ii) Globalisation has resulted in foreign investments and has created jobs in the country. In the wake of the competition from the MNCs, Indian companies have upgraded the quality of their products and services. Many Indian companies have themselves established business units in other countries. This has helped in the development of the Indian economy.

(iii) Emergence of Indian companies as multinational Several of the top Indian companies like Tata Motors, Infosys, Ranbaxy have been able to get benefit from the increased competition created as a result of Globalisation.

(iv) Globalisation has also created new opportunities for companies providing services particularly those involving IT (Information Technology).
For example, The Indian company producing a magzine for the London based company and call centres.

(v) Local companies supply raw materials to foreign industries and have prospered.

(vi) Creation of new jobs For those which are Globalisation has created new jobs and has helped in reducing unemployment rate to an extent.