how does other economies impact India
2006-12-28 21:25:00 · 9 answers · asked by priya s 1 in Social Science ➔ Economics
i heard it been very good for the economy, but they say there losing the culture and the younger generation(16-32) is becoming westernized
2006-12-28 21:29:43 · answer #1 · answered by Anonymous · 0⤊ 1⤋
there are invisible and visible impacts
visible are
1decrease in price of electronic goods
2increase in employment opportunities
3many food processing industries have entered in India egg coca cola
invisible changes are
1for trade no bilateral agreements are needed due to which international trade has increased.
2foreign technology is easily available
3it has led privatisation of industries
4liberalisation has increased
other economies impact's are crucial as our industries have tough fight with foreign industries which have better technology.in some years to come India's traditional industries will be drained by cheap and better foreign industries.
2006-12-29 05:49:40 · answer #2 · answered by PURUSHOTTAM K 1 · 0⤊ 0⤋
globalisation ,though has helped India to extend her market to foreign countries,but is not beneficiary to India. this is because the foreign countries have now got an opportunity to control the domestic market .many of the companies in India are not able to compete with the foreign market due to inefficiency of machine as well as labour and thus are facing closure .so the pace of development of Indian economy is rather obstructed.
2006-12-29 05:31:42 · answer #3 · answered by preethi 1 · 0⤊ 0⤋
the impact of globalization in india is immense. previously indian companies never gave importance to quality. now they have realised the impact of quality and trying to manufacture quality products. indian companies are competing with international companies. indian companies are converting into global companies. india's population explosion is being converted into indian human assets. indian experts are second to none and competing with others. information technology bio-technology paved the path for development. stock markets are healthy. international companies are evincing keen interest in indian markets and in fact findin indian markets as attractive marketing hubs. economic, political,business environment is conducive to start new industries in india. all this shows that the impact of liberalization, privatization leads to globalization. several sectors such as insurance, retail, manufacturing service, infastructure sector are growing. it is indicated that grwth rate may touch 10 percent this year. all this optimisic view indicates the impact of globalization.
2006-12-29 05:36:13 · answer #4 · answered by sabu 4 · 0⤊ 0⤋
Increasing No. of Farmer Suicides.....
Construction of Malls & Companies on Farmer's Land.........
Hike in Prices of Household Items like Grains,Vegetables.........
Four pillars of globalization namely technology change, creation of global economy, increasing commonality of political institutions, values and ideas. Each one of these seriously affect landmass, island states, and surrounding warm waters.
The globalisation of the food system is destroying the diversity of local food cultures and local food economies.
Patents and intellectual property rights are supposed to prevent piracy. Instead they are becoming the instruments of pirating the common traditional knowledge from the poor of the Third World and making it the exclusive "property" of western scientists and corporations.
Incraesed Extremism & Rising Inequality....... ( Villege/Metro, Rich/Poor )
2006-12-29 05:30:10 · answer #5 · answered by Peter_Jackson_Fan 4 · 1⤊ 0⤋
Dont mind it .....Its a funny one
What is Globalization ? ?
Ans. Diana's death......An english princess with an egyptian BF in a german car driven by a dutch driver crashes in a french tunnel while being chased by italian paparazi on japanese bikes, treated by potugese doctor with brazilian medicine medicine.
Thats globalization ! ! ( pl. dont mind, I m in a funny mood )
2006-12-29 05:41:57 · answer #6 · answered by LoL ! 3 · 0⤊ 0⤋
bad impact for the country
2006-12-29 05:35:14 · answer #7 · answered by PRABHU A 2 · 0⤊ 0⤋
priya....
globalization is very imp...
becoz ..if we mean [india] ko agar trakki karani haito ..three point ..1]globalizataion2]privatisation
and3]libralazitaion
mean LPG...
SORRY I SPELL WRONG..
BUT...THERE THINGS ARE...[LPG]
ARE HELPS ALOT....FOR OUR INDIA THATS.....
2006-12-29 05:34:08 · answer #8 · answered by ? 3 · 0⤊ 1⤋
C-H-E-A-P LABOUR for multinationals.
2006-12-29 05:35:10 · answer #9 · answered by saumitra s 6 · 1⤊ 0⤋