Mention the positive consequences of globalisation on India.

Solution

The positive consequences of globalisation on India:

(i)Globalisation has enabled some large Indian companies to emerge as multinationals themselves! Tata Motors (automobiles), Infosys (IT), Ranbaxy (medicines), Asian Paints (paints), Sundaram Fasteners (nuts and bolts) are some Indian companies which are spreading their operations worldwide.

(ii)Globalisation has also created new opportunities for companies providing services, particularly those involving IT. The Indian company producing a magazine for the London based company and call centres are some examples.

(iii)Besides, a host of services such as data entry, accounting, administrative tasks, engineering are now being done cheaply in India and are exported to the developed countries.

Some More Questions From Globalisation and The Indian Economy Chapter

What are the various ways in which MNCs set up, or control production in other countries?

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

‘The impact of globalisation has not been uniform’. Explain this statement.

How has liberalization of trade and investment policies helped the globalization process?

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.

For Daily Free Study Material Join wiredfaculty

Globalisation And The Indian Economy

Mention the positive consequences of globalisation on India.

Some More Questions From Globalisation and The Indian Economy Chapter

What are the various ways in which MNCs set up, or control production in other countries?

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

‘The impact of globalisation has not been uniform’. Explain this statement.

How has liberalization of trade and investment policies helped the globalization process?

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?

The past two decades of globalisation has seen rapid movements in:

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Loaction