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प्रश्न
How has information and communication technology stimulated the globalisation process? Explain with examples.
उत्तर
Information and communication technology has stimulated the globalisation process in the following ways:
In the past 50 years, technology has undergone a major transformation. For example, we can speak to our friends and relatives easily and conveniently with the help of the Internet.
Restrictions on foreign brands have been removed so that these brands can venture into the Indian markets.
Online shopping has become a trend. It is a one stop shop for all the products that we require.
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संबंधित प्रश्न
"Globalisation has been advantageous to consumers as well as to producers." Support the statement with suitable examples.
Describe the impact of globalization on Indian economy with examples.
Explain the importance of international trade.
Describe the conditions in which markets do not work in a fair manner.
What do you understand by globalisation? Explain in your own words.
How would flexibility in labour laws help companies?
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________. Markets in India are selling goods produced in many other countries. This means there is increasing ______________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _____________. While consumers have more choices in the market, the effect of rising _______________ and _____________ has meant greater _______________ among the producers.
Answer the following question:
Explain any five effects of globalization.
Analyze any five positive effects of globalization on the Indian economy.
