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What are the effects of globalization on Indian industry?

In: Economics, Industries and Professions [Edit categories]

Answer:

Actually Globalisation happened in 1991 in India. Its main intention was to liberalise, privatise and Globalise the industrial sectors. before this industries were facing so much government intervention, so after that industrial sectors became almost free to make their own decision about establishing a new branch, producing the products and marketing etc,. Drastic change is that now the Indian counsumer is free to purchase the product which he likes from anywhere in the world. foreigners can also buy from India. so the economies off althe nations are interdependent on other. that's why we also have G8 and G20 summits.

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First answer by ID1054278466. Last edit by Ananthab. Contributor trust: 2 [recommend contributor ]. Question popularity: 115 [recommend question].

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