What is the impact of globalisation on the consumers of India?

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#1

What is the impact of globalisation on the consumers of India?

Answer:

  • Globalisation and greater competition among producers—both local and foreign—have been of advantage to consumers, particularly the well-off sections in the urban areas.
  • There is a greater choice before these consumers who now enjoy improved quality and lower prices for several products.
  • As a result, these people today enjoy much higher standards of living than was possible earlier.