Assess the impact of globalization on India and its people. class 10 . 5 marks
Answers 2
Explanation:
(i) Globalization has resulted in more choices for the consumers
(ii) This has improved the standard of living of people
(iii) MNCs have increased their investments in industries such as cell-phones, automobiles, electronics, soft drinks, etc.
(iv) New jobs have been created.
(v) Some local companies that supply raw materials to MNCs have also benefited.
(vi) Some local companies have been able to invest in newer technology and production methods.
(vii) Globalisation has enabled some large companies such as Tata Motors, Infosys to emerge as multi-national companies.
(viii) Companies providing services have also benefited by globalisation.
(ix) Flexibility in labour laws
(x) Expansion of unorganised sector
(xi) Stiff competition to the local producers
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Author:
bobcole
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Globalization means the exchange of goods and services between different reasons or outside the boundaries of the country.
- Globalization has various benefits.
- It decreases the cost of production and helps to produce the best quality of goods.
- It leads to the economic growth and development of the country.
- It increases the standard of living of a country and also helps the consumers to get better products at lower prices.
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bonniecnh3
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