Globalization has both positive and negative impacts on modern India from "summary" of A History of India by Romila Thapar
Globalization has brought about significant changes in modern India, impacting the country in both positive and negative ways. On one hand, it has opened up new opportunities for economic growth and development through increased trade and investment. The liberalization of the Indian economy in the 1990s allowed for greater integration into the global market, leading to a surge in foreign direct investment and the establishment of multinational corporations in the country. This has led to the creation of new job opportunities and the transfer of technology and expertise, contributing to the growth of various industries in India. The IT sector, in particular, has seen tremendous growth as a result of globalization, with Indian companies becoming leaders in software development and outsourcing services. The increase in foreign investment has also led to improvements...
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