The negative effects of globalization on Indian industry are _______.

it increased competition in the Indian market between the foreign and domestic companies

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it reduced the amount of profit of the Indian Industry companies.

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both a and b

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none of the above

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Solution

The correct option is A both a and b
Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology.The negative effects of globalization on Indian industry are:a) it increased competition in the Indian market between the foreign and domestic companies
b) it reduced the amount of profit of the Indian Industry companies.

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