Question

Give arguments in favour of Globalisation in India. Or, Describe Globalisation in India.

Answer 1

The following arguments can be given in favour of globalisation in India.

1. Promotion Of Foreign Direct Investment : Globalisation encourages foreign Direct Investment. Developing Nation India Receives Capital through FDI.
2. Increase In Completitive Power : Due to the policy of globalization India's competitive power will increase in Indias economy there will be rapid development.
3. Acquisition Of New Technology : The pace of development will be accelerated by the receipt of new technology to a developing country like India.
4. Procurement Of Good Consumer Goods : Indians will be able to get good quality goods at a relatively low cost.
5. Access To New Market : Due to globalisation India's products will be accessible to other countries.