What is the influence of globalization on the Indian economic system?

1.	What is the influence of globalization on the Indian economic system? What are the advantages of extending globalization to India? Express your opinion.
Answer» 1. The Globalization has benefited both the customers and the industrialists. 2. There are greater choices for the customers, who now enjoying quality items at lower prices. 3. As such, their standard of living is improved. 4. Among producer and workers, the influence has not been uniform. 5. The MNCs have invested in Indian Companies. 6. New jobs have been created and local companies supplying raw materials etc. to these companies prospered. 7. Top Indian companies have been benefited as new technology is implemented. 8. Some large Indian companies emerged as MNCs. 9. The Globalization has also created new opportunities for companies providing services. 10. Besides, a host of services, such as data entry, accounting, engineering etc. are now done cheaply in India.

What is the influence of globalization on the Indian economic system? What are the advantages of extending globalization to India? Express your opinion.

Answer»

1. The Globalization has benefited both the customers and the industrialists.

2. There are greater choices for the customers, who now enjoying quality items at lower prices.

3. As such, their standard of living is improved.

4. Among producer and workers, the influence has not been uniform.

5. The MNCs have invested in Indian Companies.

6. New jobs have been created and local companies supplying raw materials etc. to these companies prospered.

7. Top Indian companies have been benefited as new technology is implemented.

8. Some large Indian companies emerged as MNCs.

9. The Globalization has also created new opportunities for companies providing services.

10. Besides, a host of services, such as data entry, accounting, engineering etc. are now done cheaply in India.