Question

Why do you think globalisation is beneficial for countries like India? Explain with examples

Answer 1

Dear Student,
Globalisation is beneficial for developing countries like India in the following ways:
1)There is an increase in employment with the advent of globalisation.
2)Enhancement of living standard and increased purchasing power.
3)Top Indian companies have been benefited from the increased competition.They have invested in newer technology and production methods and have raised their production standards.
4)Some Indian companies have been benefited from successful collaboration with the MNC's ,and some have become MNC's such as TATA Motors.
5)Local companies supplying raw materials to these industries have prospered.
Regards