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What is globalisation? Write any two positive as well as negative impact of globalisation on Indian economy.

Posted by Akash Grewal 6 years ago

CBSE > Class 10 > Social Science

3 answers

Leepaxi Diwan? 6 years ago

The intergration of the domestic economy with the world economy is known as globalisation. POSITIVE IMPACT OF GLOBALISATION 1. Available of variety of products with greater choice and quality that too at affortable price. 2.create a new jobs and higher standard of living. NEGATIVE IMPACT OF GLOBALISATION 1.thousands of uneducated and unskilled labourers have become jobless due to closure of domestic units. 2.most of the small industry like toys,tyres,plastics,dairy products have been hit hard due to foreign competition.

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Shelly Dhama 6 years ago

It has negative impact on employment or real wages

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Shelly Dhama 6 years ago

Globalisation means interaction of people, country. Positive impacts of globalisation are: 1.Technology, it is also a part of globalisation through it goods are transported very quickly. 2.communication, it also helps in the exchange of knowledge which helps in our country s development. Negative impact :

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CBSE > Class 10 > Social Science