What is Globalization?
》Globalization is defined as the process of world wide integration of manufacturing , economics, financial,cultural,marketing and communication system.
》Globalization refers to a situation where all the countries in the world become interconnected and interdependent on each other for theri need .
》 Globalization is a process of interconnection and integration among the people companies and governmenta of different nations.
》 Globalization has lead to improvement in GDP of india
GDP= TOTAL REVENUE GENERATED
____________________________________
TOTAL POPULATION
》 The direction of growth of the economy has shifted from manufacturing sector to service sector.
》 The Over all growth of indian economy has lead to improving the position of india in world.
》Foreign Direct Investment(FDI) has also increased in india due to globglization.
》 The standard of living in the society has improved.
》 The indian can now use best products and technologies from all over the world.
》Globalization has created a divide in the indian society on the basis of financial conGization
》 Globalization has resulted in downfall of several informal sectors in india.
》 GloGloization has resulted in poor health,social life and working condition of the employees.
》 Long working hours has resulted in accidents and other safety issue.
》The economic and social developement has led to destruction of envorinment and pollution leading to poor health.
》Globalization is defined as the process of world wide integration of manufacturing , economics, financial,cultural,marketing and communication system.
》Globalization refers to a situation where all the countries in the world become interconnected and interdependent on each other for theri need .
》 Globalization is a process of interconnection and integration among the people companies and governmenta of different nations.
Advantage of Globalization:
》 Globalization has lead to improvement in GDP of india
GDP= TOTAL REVENUE GENERATED
____________________________________
TOTAL POPULATION
》 The direction of growth of the economy has shifted from manufacturing sector to service sector.
》 The Over all growth of indian economy has lead to improving the position of india in world.
》Foreign Direct Investment(FDI) has also increased in india due to globglization.
》 The standard of living in the society has improved.
》 The indian can now use best products and technologies from all over the world.
Disadvantage of Globalization:
》Globalization has created a divide in the indian society on the basis of financial conGization
》 Globalization has resulted in downfall of several informal sectors in india.
》 GloGloization has resulted in poor health,social life and working condition of the employees.
》 Long working hours has resulted in accidents and other safety issue.
》The economic and social developement has led to destruction of envorinment and pollution leading to poor health.
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