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Why is globalisation is necessary?

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Why is globalisation is necessary?

Posted by Sumit Yadav 7 years, 3 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 3 months ago

Globalisation is necessary because today not all the products are available in a country itself nor it is possible to produce each and every product in a single country. Globalisation is the process of rapid integration of the different countries. For example, India has a large amount of coal mines and thus it has larger amount of coal but it is insufficient in the petroleum reserves. So, our country has to import petroleum to the country. This import is possible only if foreign trade is there. So, it eventually results in globalisation.

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