Globalization is the opening of local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with free transfer of capital, goods and services across national frontiers.
MNCs plays an important role in the process of globalization. They bring not only their products to a country but also the new business policies and cultures. They also help in increasing competitiveness among the Indian companies. At present, most of us are able to use the latest models of cars and this could be possible because of globalization. Because of hordes of MNCs in our country, most of the urban Indians have become broadminded in their outlook.