Analyse any five positive effects of globalisation on the Indian Economy

CBSE Class 10 CBSE Class 10 Social Science
, ,
1

Analyse any five positive effects of globalisation on the Indian Economy.

2

GLOBALISATION has brought greater competition among producers both local and foreign producers.

  • Local and foreign producers have been of advantage to consumers.
  • There is a greater choice before consumers.
  • Now consumers enjoy improved quality and lower prices for several products.
  • As a result, they enjoy much higher standards of living than was possible earlier.
  • Top Indian companies have been able to benefit from the increased competition.
  • Globalisation has enabled some large Indian companies to emerge as multinationals.