The visible impacts of globalisation on Indian economy can be described in the following ways:
(i) There is a wide choice of goods and services in the market.
For e.g., The latest models of digital cameras, mobile phones and television made by the leading manufacturers of the world are available in the markets. These products are affordable as well as within reach of the people.
(ii) Several improvements in the transportation technology has made much faster delivery of goods across long distances possible and that too on lower rates.
(iii) The improvement in information and telecommunication technology is even more remarkable. The invention and use of computer, internet, mobile phone, fax, etc., has made contact with each other around the world quite easy.
(iv) New jobs have been created in industries where MNCs have invested such as electronics, fast foods, cell phones etc.
(v) Some Indian companies have become multinational by themselves due to globalisation, such as Tata Motors (automobiles), Ranbaxy (Medicines), Infosys (Computer and Information Technology) and L & T (construction).