Impact of globalization on Indian economy from "summary" of Oswaal NCERT One For All for UPSC & State PSC's Indian Economy Classes-9 to 12 (Old & New NCERT Edition) (For 2023 Exam) by Oswaal Editorial Board
Globalization has had a significant impact on the Indian economy. It has opened up new avenues for trade and investment, leading to increased economic growth and development. With the liberalization of trade policies, India has been able to integrate into the global economy and benefit from international trade. One of the key benefits of globalization for the Indian economy has been the increase in foreign direct investment (FDI). Foreign companies have been attracted to India's growing market and skilled workforce, leading to the establishment of new businesses and industries. This has helped in creating job opportunities and boosting economic growth. Globalization has also resulted in increased competition in the Indian market. Domestic companies have had to improve their products...
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