Describe The Impact Of Globalisation On Indian Economy With Example

The Globalisation has impacted Indian economy in the following ways:

(i) Increase in foreign investment, Over the past twenty years, the foreign investment has increased.

(ii) Emergence of Indian companies as multinational Several of the top Indian companies like Tata Motors, Infosys, Ranbaxy have been able to get benefit from the increased competition created as a result of Globalisation.

(iii) Creation of new opportunities Globalisation has created new opportunities for Indian companies, particularly providing services like IT.

(iv) Creation of new jobs For those which are Globalisation has created new jobs and has helped in reducing unemployment rate to an extent.

(v) A host of services such as data entry, accounting, administrative tasks, engineering are now being done cheaply in India.