Impact of globalization in india
IMPACT OF GLOBALIZATION ON INDIAN MARKETS
The impact of globalization on India is in 2 ways, positive and negative. Globalization includes the Indian economy and business firms of the country. The positive impact on the economy of India is very good, it has increased the standard of living for people. This is because the consumers are getting better quality products and the manufacturers and firms have better facilities and doing better research which leads to good quality products. In India, trading with other countries is practiced which again brings new products to the consumers of India and they are exposed to new lifestyles. Globalization has also increased a lot of a employment opportunities in the country. The exposure and trading with other countries and proper usage of all resources- financial , natural, physical , human ; globalization has increased ways of employment . Optimum usage of resources is also being practiced because of globalization. Due to trading, the financial resources, human resources, physical resources, etc. are being used to its maximum extent. If there would be no global trade then the resources would have not been used and would have affected the economy of the country. Globalization mainly even makes the relations with other countries good. New countries exchange a lot of other abstract things along with goods like their culture, lifestyle, etc. and this is only because of globalization. The economic growth has drastically increased in India after globalization; the best example for this is FDI (foreign direct investment). Globalization not only affected the consumers but even the products, the standards of the products became better. A drastic rise in the quality of products grew after globalization. Globalization encourages a lot of innovation and invention to the products. It has even helped the business firms to be more efficiently organized. Effective and optimum usage of resources is being done for
The impact of globalization on India is in 2 ways, positive and negative. Globalization includes the Indian economy and business firms of the country. The positive impact on the economy of India is very good, it has increased the standard of living for people. This is because the consumers are getting better quality products and the manufacturers and firms have better facilities and doing better research which leads to good quality products. In India, trading with other countries is practiced which again brings new products to the consumers of India and they are exposed to new lifestyles. Globalization has also increased a lot of a employment opportunities in the country. The exposure and trading with other countries and proper usage of all resources- financial , natural, physical , human ; globalization has increased ways of employment . Optimum usage of resources is also being practiced because of globalization. Due to trading, the financial resources, human resources, physical resources, etc. are being used to its maximum extent. If there would be no global trade then the resources would have not been used and would have affected the economy of the country. Globalization mainly even makes the relations with other countries good. New countries exchange a lot of other abstract things along with goods like their culture, lifestyle, etc. and this is only because of globalization. The economic growth has drastically increased in India after globalization; the best example for this is FDI (foreign direct investment). Globalization not only affected the consumers but even the products, the standards of the products became better. A drastic rise in the quality of products grew after globalization. Globalization encourages a lot of innovation and invention to the products. It has even helped the business firms to be more efficiently organized. Effective and optimum usage of resources is being done for