Question

explain in detail the impact of globalisation in Indian economy

Answer 1

Impact of globalisation on:

• Producers: Tough competition faced by the producers in the native country by the producers of foreign markets
• Workers: Job insecurity, denial of fair share in the benefits brought about by globalisation.

Other impacts:

• Increase in the foreigh trade
• Increase in foreign investment
• exchange of technology between countries.
• Better means of communication have developed alongside globalization
• Better job opportunities for people gave rise to migration