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CBSE Class 10 Answered

Describe the impact of globalisation on Indian economy with example.(3m)
Asked by Prabhat | 18 Feb, 2018, 03:48: PM
answered-by-expert Expert Answer

The impacts of the globalization on India economy are :-

  1. It has  enabled some large Indian companies to emerge as MNCs themselves like Tata Motors , Infosys .
  2. It has created new opportunities for companies  providing servises like IT .
  3. Several top Indian companies have been able to benifit from the increased competition. They have invested in new technology and production methods and raised their standard .Some have gained from the collaaboration wiith foriegn companies. 
  4. New jobs have been created and companies supplying raw materils to these industries have prospered.
Answered by Tharageswari S | 18 Feb, 2018, 07:47: PM
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