How has globalization benefitted India? Explain with five examples.
Globalization has benefitted India:
1. The investment of MNCs in India has increased over the past decades. They have been invested in industries like electronics, fast food, services etc.
2. A lot of employment has been generated in India after globalization especially in the service sector.
3. Local companies that provide the MNCs with the raw materials have prospered from the business.
4. Top Indian companies have invested in better technology and infrastructure due to the competition.
5. Some Indian companies themselves have become multinational companies like Tata Motors, Infosys, Ranbaxy etc.
Explanation: The benefit of globalization in India has been manifold. It has benefitted India in finances, companies, employment, technology etc.
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