Question

Mention any three positive impacts of globalisation.

Mention any two positive impacts of globalisation in India.

State two positive impacts of globalisation.

Answer 1

1. Growth Rate: The GDP growth rate rose from 5.6 per cent during 1980-91 to 8.2 per cent during 2007-12.
2. Technology: Advanced technologies and managerial services are being offered by multinational companies operating in India.
3. Inflow of Foreign Capital: The inflow of foreign capital into the nation has increased as MNCs have brought capital in foreign exchange. During the reform phase, the country’s foreign exchange reserves increased from US \$ 6 billion in 1990-91 to a historic level of US \$ 633 billion in 2021. Also, foreign direct investment, which stood at nearly US \$ 100 million in 1990-91, grew to US $ 76 billion in 2020-21.