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What is the positive impact of globalization in India |
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Answer» Positive effects of globalisation:\tIncreased investments in Indian markets by MNCs have led to the growth of the Indian economy. In many fields such as automobiles, smartphones, soft drinks, fast foods and garments, MNCs have created a vast choice of products for consumers.\tLocal companies supplying raw materials to MNCs have developed and prospered. Many Indian companies such as Tata Motors and Ranbaxy have become multinational companies themselves.\tGlobalisation has opened many new opportunities for companies in the service sector, especially IT companies. These companies offer their cheap but efficient consulting services to many nations. This has also created millions of jobs in India.\tTechnology has been transferred to developing countries. It has enabled the production of quality goods in the international market.\xa0\tOutsourcing is the major outcome of the globalisation process. Lots of variety of materials, good competition, high income as trade increases... |
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