Question

How has globalisation been beneficial to the producers in India?

Answer 1

1. Bringing modern technology and management practices that have raised quality and productivity.
2. Increasing foreign direct investment and foreign exchange, financing new plants and expansion.
3. Opening access to larger global markets and export opportunities, expanding demand beyond India.
4. Forcing competition that removed inefficiencies, lowered costs, and improved product standards.
5. Providing cheaper capital goods and inputs (better machinery), reducing capital‑output ratios.
6. Creating incentives/zones (SEZs), relaxed control, and easier licensing that cut setup costs for exporters and manufacturers.