1.

State with reasons whether you agree or disagree with the following statement:There are no benefits of globalisation. ORThere is no impact of globalisation on the Indian economy.

Answer»

No, I do not agree with the statement. 

Globalisation for any country is important and the benefits are as follows: 

  • Globalisation helps developing countries to improve overall economic management and make their economies efficient.
  • An increase in competition reduces the cost and improves the quality of products. 
  • More varieties are made available to consumers and at lower prices. 
  • Countries can get access to foreign investment and keep interest rates low. 
  • Political stability is established.


Discussion

No Comment Found

Related InterviewSolutions