Globalization Meaning
Globalization refers to the integration of the national economy and society with that of the global economy.
When a country throws open its gates, it welcomes unlimited communication, international trade, capital, technology, and cultural cosmopolitanism practices from other countries.
The reduction of export subsidies and import barriers has led to free trade. This has made the untapped Indian market more attractive to the communities internationally.
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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