Descibe the impact of globalisation on indian economy ?

Question

Answer

The impact of globalization on indian economy are as follow:-
i.. new products,
ii.. new technologies,
iii.. broad range of choices for consumers,
iv.. foreign investment increased in india,
v.. local companies are not able to face competition with MNCs,
vi.. some local companies of India also became MNCs like airtel, tata, etc
vii.. it has increased employment.

Thank you... :-)

Answer

IMPACTS of globalisation in Indian economy are follow as..

* it has improved the productivity and efficiency of Indian companies in the in the use of resources through the process of competition.

* the growth rate of Indian economy has gone up with the increase for investment and foreign technology in India.

* it has allowed to consumer to enjoy a wider range of goods and services are lower costs.

hope u understand......

That's all

Answer

The impact of globalisation on Indian economy are as follow:-
(1) new product
(2) new technology
(3) forgin investment increase in India
(4) it has increased imployment

Answer

The impact of globalization on the Indian economy has been significant. Globalization refers to the integration of economies, markets, and cultures across national boundaries. It has affected various sectors of the Indian economy, including trade, investment, technology, and employment. Here is a detailed explanation of the impact of globalization on the Indian economy:

1. Trade Liberalization:
- Opening up of the Indian economy to international trade has led to an increase in imports and exports.
- Indian industries have gained access to a wider market, resulting in increased competition and efficiency.
- The removal of trade barriers has allowed Indian businesses to expand their operations globally.

2. Foreign Direct Investment (FDI):
- Globalization has attracted FDI into India, which has helped in the development of various sectors such as manufacturing, IT, and services.
- FDI inflows have led to technology transfer, improved infrastructure, and increased employment opportunities.
- It has also contributed to the growth of small and medium-sized enterprises (SMEs) by providing access to capital and technology.

3. Technology and Innovation:
- Globalization has facilitated the transfer of technology and knowledge from advanced economies to India.
- The IT sector in India has witnessed tremendous growth, becoming a major contributor to the country's GDP.
- Technological advancements have improved productivity and efficiency in various sectors, such as agriculture, healthcare, and manufacturing.

4. Employment Opportunities:
- Globalization has created employment opportunities in India, particularly in the services sector.
- The IT and BPO industries have witnessed significant job creation, attracting a skilled workforce.
- However, globalization has also led to job displacements in certain sectors, such as agriculture, due to increased competition from imported goods.

5. Economic Growth:
- Globalization has played a crucial role in stimulating economic growth in India.
- Increased trade and FDI inflows have led to higher GDP growth rates.
- It has also contributed to poverty reduction by creating income-generating opportunities and improving living standards.

6. Challenges and Inequalities:
- Globalization has also posed challenges and inequalities in the Indian economy.
- There is a growing income disparity between the rich and the poor.
- Certain sectors, such as agriculture, have been adversely affected due to competition from subsidized imports.

In conclusion, globalization has had a profound impact on the Indian economy. It has opened up new opportunities for trade, investment, and technological advancements. However, it has also presented challenges and inequalities that need to be addressed to ensure inclusive and sustainable growth.

Answer

The impact of globalization on India economy are follow:::....
1)-- Indian buyers have a better choice of toys at a lower price.
2)-- For the Chinese toys makers this provides an opportunity to expand business .
3)--- Indian toy makers are facing a tough competition and facing losses.
4)-- globalization has failed to solve the problem of poverty
5)--- globalization and pressure of competition have substantially changed the lives of the workers. faced with growing competition, most employers these days prefer to employ workers 'flexibly'

I hope it's helpful for us🤗🤗

Answer

There positive and negative impacts of globalisation on Indian farmers

Positive impact

New techniques are adopted in farming

Increase in productivity

Minimum usage of fertiliser and pesticides and water

Fruits, nuts, vegetables which were first imported from foreign countries are now produced at our places n exported which in turn increased foreign exchange

R & D to acquire position in world agriculture market

Establishment of food processing industries ,increase in employment

Minimum wastage of grains, fruits, vegetables as we can adopted techniques from develop country

Negative impact

Less manpower in field, unemployment in villages

High cost

Gap increase between rich n poor farmers

High cost>high loans > if crop fails> high loss> suicide.

Answer

The Globalisation has impacted Indian economy in the following ways ---
(i) Increase in foreign investment, Over the past twenty years, the foreign investment has increased.
(ii) Emergence of Indian companies as multinational Several of the top Indian companies like Tata Motors, Infosys, Ranbaxy have been able to get benefit from the increased competition created as a result of Globalisation.
(iii) Creation of new opportunities Globalisation has created new opportunities for Indian companies, particularly providing service.

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