State has became more powerful as …

Globalisation has been advantageous to producers in the following ways:

1. The producers now have access to international markets.
2. Globalisation has also enabled free movement of capital, i.e.via electronic transfers etc.
3. Globalisation has enabled access to foreign investment in capital and technology via Foreign Direct Investment etc.
4. Globalization has enabled some big Indian companies to establish themselves as Multi-National Corporations (MNCs). For e.g.Tata Motors.

Globalisation has been advantageous to consumers in the following ways:

1. Globalisation has led to employment generation and has benefited the consumer. It has increased the purchasing power of the consumer.
2. Globalisation has also given rise to intense competition due to opening up of markets to foreign companies. As a result, this has led to an increase in product quality and a decrease in the prices of the products which ultimately is to benefit of the consumer.
3. The consumers have benefited from the arrival of MNCs as they have now a larger choice in the goods and services that are available to them in the market.
4. Due to globalization, people can now enjoy a higher standard of living.