. Explain any three impact of globalisation in India
Globalisation is a process of integrating a nation's economy into the world economy.
It eases the process of movement of people and goods from one country to another.
The impact of globalisation in India:
- It makes the market more competitive, competition of domestic products with international products.
- It helps to bring foreign investment into the country, which helps to increase the value of domestic currency.
- It helps to bring new technology and innovative products into the country which helps the country to grow.
The impact of globalisation in India makes the economy more competitive, helping in increasing competition.
It provides new ideas and technology to the economy which help to build the country more competent. It encourages foreign investors to invest in the economy.