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Answer» The impact of globalisation on India are: - It has enabled some large Indian companies to emerge as MNCs such as Tata Motors, Infosys.
- It has also created new opportunities for companies providing services like information technology.
- Greater competition among producers has been of special advantage particularly to the welloff sections of consumers in the urban areas. They have greater choice and enjoy improved quality and lower prices for various products. Thus, they are enjoying a higher standard of living.
- In these industries and services, new jobs have been created and also the companies supplying raw materials to these industries have prospered.
- Several of the top Indian companies have been able to benefit from the increased competition. They have invested in new technology and production methods and raised the standard of their products. Some of them have gained from successful collaboration with foreign companies.
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