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What is the impact of globalisation in india ? |
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Answer» The Globalisation has impacted Indian economy in the following ways(i) Increase in foreign investment, Over the past twenty years, the foreign investment has increased.(ii) 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.(iii) Creation of new opportunities Globalisation has created new opportunities for Indian companies, particularly providing services like IT.(iv) Creation of new jobs For those which are Globalisation has created new jobs and has helped in reducing unemployment rate to an extent.(v) A host of services such as data entry, accounting, administrative tasks, engineering are now being done cheaply in India. Raised higher standards of living more variety new and stylish models are introduced mncs tie up with local producer which flurished the business consumer get better living standards it helps in Integration of countries *Variety of choices to consumer .*World\'s best product leading companies.*A good foreign exchange to india.*Increase in competitiveness.Indian companies also emerged as MNCs.*Pollution |
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