India and Globalisation

What is the role of India in globalisation?

India’s role in globalization has been significant, with the country’s economic growth largely attributed to globalization.

What are the merits and demerits of globalisation in a developing country such as India?

The merits of globalization in a developing country like India include increased foreign investment and access to global markets, while the demerits encompass widening income inequality and vulnerability to economic instability.

What do you mean by globalisation?

Globalization is a term that describes how trade and technology have made the world more connected and interdependent. It also encompasses the economic and social changes that have resulted from this.

What are the three advantages of globalisation?

Globalization in developing countries like India offers opportunities for economic growth through increased trade and foreign investment while promoting technological advancement and knowledge transfer from more developed nations.

What are the two negative effects of globalisation on India?

Globalization in India has resulted in the erosion of traditional industries and job displacement, particularly affecting small-scale producers and local businesses.

What are the challenges of globalization in India?

The challenges of globalization in India include income inequality, job displacement, and vulnerability to external economic shocks.

India has been significantly successful since the implementation of globalization. The country has seen enormous growth in foreign investment in the corporate, retail, and scientific sectors. The government’s economic policies have also played a vital role in planning levels of savings, employment, income, and investments in society. Globalization has opened up the country to foreign companies seeking to invest and operate within the massive Indian market, which has boosted foreign capital inflows to the country.

In this article, we will look into India and Globalisation, the liberalization reforms of 1991 and the challenges of Globalization in India. It is an important concept of Class 12 Political Science. Students can go through this article to get comprehensive notes on “India and Globalisation”.