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Significant Impact of Globalisation on Indian Economy

Nov 10 2022

Economy Simplified

Basic of Economy 

Impact of Globalisation on Indian Economy

Impact of Globalisation on Indian Economy

Developing nations like India boosted their economies. Globalisation and the Indian economy are thus closely connected.

When a country’s economy is integrated with the global economy, it is referred to as globalisation

What is Globalisation?

Globalisation has been a tremendous increase in foreign investment and significant impact on social, financial, cultural, and political spheres

How does globalisation impact the economy?

Globalisation and the Indian economy

One of the most significant impact of globalisation on Indian society is cross-country culture.

Positive impact of globalisation on indian economy

Positive impact of globalisation on indian economy

- Increased employment - Compensation raise  - High living standards  - Rising per-capita income  - Increasing Consumer Options

Negative impacts of globalisation on the Indian economy

Negative impacts of globalisation on the Indian economy

- Trade deficits - Economies to slow down  in crises -Agriculture hasn’t progressed  - Emergence of a culture of consumer credit 

Conclusion

Conclusion

There was considerable conflict when the phrase “globalisation” and impact of globalisation entered the conversation, and India was not an exception.

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