CBSE Class 10 Social Science 2016 Term 2 Set 1 Outside Delhi Paper

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Question : 28
Total: 30
Describe the impact of Globalization on Indian economy with examples.
Solution:  
The globalisation has impacted Indian economy in the following ways :
(i) Increase in foreign investment: Over the past twenty years, the foreign investment has increased.
(ii) Creation of new opportunities : Globalisation has created new opportunities for Indian companies, particularly providing services like it.
(iii) Creation of new jobs : Globalization has created new jobs and has helped in reducing the unemployment rate to an extent.
(iv) A host of services : Such as data entry, accounting, engineering are now being done cheaply in India.
(v) Emergence of Indian companies as multinational like-Tata Motors, Infosys have been able to get benefits from the increased competition created as a result of Globalization
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