Answer 1

Merits of globalization are :

• Local companies that supply raw materials to MNC's have prospered.

• Globalization has enabled large Indian companies to emerge as a multinational. For example- Tata Motors, Infosys, etc

• Globalization has also created new opportunities for companies providing services, particularly those involving IT.

• Better quality of products arising from increased competition

• Increases the purchasing power of an individual

• Best practices of production get disseminated across political boundaries.