Economics Question:
What are the effects of globalization on Indian industry?
Answers:
Answer #1Indian industry has progressed a lot due to globalization. A lot of improvement has been seen in Indian industry.
Answer #2Globalization has increased the interdependence of countries on each other by linking various markets of the world. thus, forming one huge global market.
India could get resources from various other countries, as well as export its goods and services. this saw a rise in MNC's and BPO's. The service sector prospered as well. India has workers who possess great skill and who are willing to work at cheap labor rates. Thus globalization impacted the economy in a very positive manner
India could get resources from various other countries, as well as export its goods and services. this saw a rise in MNC's and BPO's. The service sector prospered as well. India has workers who possess great skill and who are willing to work at cheap labor rates. Thus globalization impacted the economy in a very positive manner
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