Question

How has India been affected by globalisation?

Answer 1

Globalization can be understood as the process of interaction and integration among nations, government and people worldwide. India has been the Party of many International organizations and Conventions, it had liberalized trade and investment and brought globalization right at the home soil. The great number of jobs produced as a result of the advent of foreign companies. Markets flourished with unlimited choices for consumers, technology upgraded and friendly relations started to establish from various countries. Globalization has also brought some negative impact in India such as diminishing of the agricultural sector, child labor due to the scarcity of working labour in companies etc.