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Globalisation and The Indian Economy
How do Multi-National Companies manage to keep the cost of production of their goods low? Explain with examples.
Multi-National Companies keep the cost of production of their goods low by:
(i) Setting up factories for production in the regions where abundant raw material is available at low cost.
(ii) Setting up factories for production in the regions where cheap labour is available.
(iii) Setting up trade and distribution centres in regions close to their markets.
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How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
Supposing you find two people arguing : One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India to develop. How would you respond to these arguments?
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ____________________. Markets in India are selling goods produced in many other countries. This means there is increasing __________________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _________________ While consumers have more choices in the market, the effect of rising _____________ and ________ has meant greate _____________ among the producers.
The past two decades of globalisation has seen rapid movements in:
The most common route for investments by MNCs in countries around the world is to:
Globalisation has led to improvement in living conditions.
'Starting around 1991, some far reaching changes in policy were made in India'. Explain.
State one positive and negative effects of globalisation in India.
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