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QUESTION:Assess the impact of globalisation on India and its people. |
| Answer» The following are the effects of globalization:- 1.) Flexibility in labour laws.2.) Many MNCs were discovered like Infosys and TATA motor.3.) Many producers benefitted as due to the competition they had to improve their product quality which gave better results. 4.) Consumers had many choices at low cost.5.) Small producers lost their business as they had no money to develop more quality.6.) Foreign trade opened which gave many opportunities to producers for importing and exporting. | |