Globalization and Indian Economy
Define Globalization.
Globalization refers to the phenomenon of growing interdependence of world’s economies, cultures and populations, by trade of goods,services and people.
What are the impacts of globalization on Indian economy?
The important impacts of globalization relates to advancement and expansion of education, trade, technology, competition, investments and capital flows, employment and so forth.
What is economic globalization?
It refers to the increasing interdependence of world econoies as result of increasing cross-border trade of commodities and services.
What accelerated the process of globalization in India?
Technology is very influential for helping growth of globalization in India like internet and global communication.
What is globalization 4.0 all about?
It refers to the phenomenon that intensifies trade and increasing interdependence among nations.
Impact of Globalization on India
Globalization is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs). It has a major and almost instantaneous impact on the Indian economy.
Let’s discuss what is Globalization, its effect on the Indian economy and society, advantages, etc in detail
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