What is globalization? Explain with three examples how top Indian companies have benefitted from globalization.
Globalisation is the process of rapid integration or interconnection between countries due to the movement of goods, services, and people. Multinational Companies contribute a lot to this process.
Top Indian companies have benefitted:
1. Increased competition has encouraged them to invest in latest technology and production methods.
2. Many have collaborated with foreign companies and profited a lot from the business.
3. Many Indian companies have themselves become MNCs like Tata Motors, Ranbaxy, and Infosys.
Explanation: Globalisation has contributed a lot to the development of industries and its contribution to the economy.
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.
