Describe the impact of globalisation on Indian economy with examples. -SST 10th

Describe the impact of globalisation on Indian economy with examples. -SST 10th
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Impact of Globalisation on Indian Economy: 1.Higher standard of living in urban areas. 2.The impact has not been uniform among producers and investors. 3.There is greater choice before the consumers who now enjoyed quality and lower prices for several products. 4.MNC’s have increased their investment in India leading to more Job opportunities. 5.Globalisation has enabled some large Indian companies to emerge as MNC’s themselves like Tata Motors, Infosys, Ranbaxy, Asian Paints, etc. 6.Globalisation has also created new opportunities for companies providing services particularly those involving IT (Information Technology).   For example, The Indian company producing a magzine for the London based company and call centres. 7.Local companies supply raw materials to foreign industries and have prospered.
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