Impact of Globalisation in India


 
 
Concept Explanation
 

Impact of Globalisation in India

Impact Of Globalisation In India: In past 20 years, globalisation of the Indian economy has come a long way. Globalisation resulted in more competition among producers (both local and foreign), benefitting consumers particularly the prosperous sections in the urban areas. Now, they have a greater choice of goods with imporved quality and lower prices. Thus, these people enjoy a much higher standard of living compared to ealier. However, among the producers and workers, the impact of globalisation has been mixed.It includes some advantages & Disadvantages also mentioned below :- 

ADVANTAGES :-

  • Increase in Employment 
  • Proper Utilisation of Resources
  • Good Quakity Product at Competitive price 
  • Increase in Foreign Reserve .
  • Disadvantages :-

  • Exploitation of Natural Resources 
  • Dominance on a   local Market 
  • Create dangered Conditions For The Local Business mens . 
  • Profit Repatriation . 
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