Answer:
Positive
impacts of globalisation:
(i) MNCs have increased their investment in India.
(ii) MNCs have been interested in industries such as
cellphones, automobiles electronics, soft drinks, fast food services and
banking. These products have well-off buyers.
(iii) In these industries and services, new jobs have been
created.
(iv) Local companies supplying raw material, etc., to
these industries have also prospered.
(v) Several top Indian companies have been able to benefit
from the increased competition.
(vi) They have invested in newer technology and
production methods and raised their production standards.
(vii) Some have successfully made collaborations with
foreign companies.
(viii) Many large Indian companies have also emerged as multinationals.
(ix) Globalisation has also created new jobs in the IT
sector like call centre jobs, data entry, accounting, administration,
engineering, etc.
Negative impacts of globalisation:
(i) There are a number of industries such as toy, tyre,
battery, capacitor, plastic, dairy products and vegetable oil, etc., where the
small manufacturers have been hard hit due to foreign competition.
(ii) Thousands of educated and unskilled labourers have
become jobless due to closure of various units.
(iii) Globalisation has a negative impact on most of the
small industries which employ the largest number of workers after agriculture.
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