2007-01-28 20:39:07 · 8 answers · asked by Anonymous in Social Science ➔ Economics
venefits of globalisation to india (since 1991)
*Improved telecommunications and TV systems
*Jump in FOREX reserves by 30 times
*Improved share of globl trade
*Increase in FDI by 7-8 times
*Reduction of inflation from 12% (1990s) to around 5-6%
Negative impacts: growth not upto expectations, jobs only for educated, urban population
it has benefitted only urban population, not rural
2007-01-28 20:57:21 · answer #1 · answered by sushobhan 6 · 0⤊ 0⤋
Globalisation has benefitted India in terms of Increased Growth, FDI ,More choice for Consumers , exponential growth in terms of Mobile Phone Connections and reduction in Air fares. The disadvantages are an increased Urban-Rural and
Rich-Poor divide and imbalanced Regional Growths.
But the overall impact has been positive .
2007-01-28 21:24:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Globilization has the two plus factors and minus factors.Globalization is sturdy becoz the rustic gets recognized and additionally the folk.We meet diverse those with diverse cultures and have interaction with diverse those with diverse perspectives.Its in a manner sturdy. we are able to benefit issues from them that are sturdy and attempt to improvise from them.yet on the different facet,it has many outcomes on india,Indians for the situation bypass overboard for each new element we come for the time of.Indians are accepting globalization and forgetting their own cultures.They experience that doin this is talked approximately as to be present day and taking place.If we settle for globalization in a constructive way then there's no harm yet whilst its any other way,then truthfully it does make an effect and already many are seeing it.basically wished to tell which you will be happy with being an indian and settle for globalization with due admire to our united states of america and to be grounded and proceed to be the guy what you're.
2016-12-17 04:53:51 · answer #3 · answered by nehls 3 · 0⤊ 0⤋
the effects of globaalisation has very profound .the globalisation is very benificial to india.Due to globalisation outsourcing can be taken place and we take opportunity to improve our economy.
2007-01-28 20:51:55 · answer #4 · answered by chirag_smilever 2 · 0⤊ 0⤋
Yes, but the modern section of the economy only.
2007-01-28 20:41:58 · answer #5 · answered by ElOsoBravo 6 · 0⤊ 0⤋
yes it does since it helps in increasing the competition thereby lowering the values of commodities and ultimately leading to better serivices
2007-01-28 20:49:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no . globalization is good for developed countries.... but india is trapped in this ..... no chance to escape .. so developed countries r jus like vampires drink the wealth of india .. so no profit for india ....
2007-01-28 22:12:17 · answer #7 · answered by prakeerthy 2 · 0⤊ 0⤋
yes it does
2007-01-28 20:46:54 · answer #8 · answered by vishweshpatel 3 · 0⤊ 0⤋