--%>

Effects of Globalization on Indian Economy

What do you mean by globalization and its effects on the Indian economy?

E

Expert

Verified

Globalization has brought many employments and large sums of investment in India. India's economy has been growing at exceptional rates for the past several years and many new opportunities have opened up for India. India does remain quite poor. Its GDP per capita is less than $2,000, a fraction of the GDP per capita found in some Latin American & Eastern European countries. Among upper classes most of them gives profit from globalization in India, with many in the lower classes being displaced and suffering from depressed labor conditions. However, globalization has created a large economic boom for India with largely positive effects Define economics on the welfare and scaruty of resources. Economics need to be studied to see where the economy is going, what can be added in order to improve it or what can be removed from the economy.

Economics is one of the basic fundamentals of business and if studied carefully, one can do very well business if all the right moves are made.

   Related Questions in Microeconomics

  • Q : Problem on Supply Prices Can someone

    Can someone please help me in finding out the accurate answer from the following question. The relative monetary values organizations put on selling a bit more or less of a good are termed as: (i) Supply curves. (ii) Gain-maximizing prices. (3) Supply prices. (4) Pric

  • Q : Definition of law of demand Definition

    Definition of law of demand: It is the claim that, other things equivalent, the quantity demanded of a good drops/falls whenever the price of the good increases.

  • Q : Dollar revenues and accounting costs

    Can someone please help me in finding out the most accurate answer from the following question? The Accounting profit is the difference among: (1) Dollar revenues and accounting costs. (2) Net revenue and economic cost. (3) Accounting cost and economic cost. (4) Psych

  • Q : Elucidate the merits of mixed economy

    Elucidate the merits of mixed economy system?

  • Q : Minimum Wage Laws I have a problem in

    I have a problem in economics on Minimum Wage Laws. Please help me in the following question. Minimum wage legislation has been promotes as a technique to: (i) Make sure that workers are paid beneath the subsistence salaries. (ii)  Perpetuate poverty. (iii) Maxim

  • Q : Thought of economists for law of equal

    Explain different thought of economists for law of equivalent marginal advantage.

  • Q : Define Producers Equilibrium Producer’s

    Producer’s Equilibrium: A producer (or a firm) is said to be in equilibrium whenever it earns maximum gains. Profit maximization of a firm signifies maximizing the difference between total cost and total revenue. Whenever the gains of the firm a

  • Q : Price leadership models When all firms

    When all firms in an oligopolistic industry raise and lower prices together, in that case it is most consistent along with: (w) the kinked demand curve. (x) price leadership models. (y) the herd instincts of investors. (z) competitive theories of cart

  • Q : Advantages of regional integration Give

    Give the basic advantages of regional integration?

  • Q : Output level at demand in a

    Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, with automatic audio and text translations in any of the other three-hundred-thirteen languages. Babble-On will never intentionally produce as well as sell vo