Mention the positive consequences of globalisation on India.

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The positive consequences of globalisation on India:

(i)Globalisation has enabled some large Indian companies to emerge as multinationals themselves! Tata Motors (automobiles), Infosys (IT), Ranbaxy (medicines), Asian Paints (paints), Sundaram Fasteners (nuts and bolts) are some Indian companies which are spreading their operations worldwide.

(ii)Globalisation has also created new opportunities for companies providing services, particularly those involving IT. The Indian company producing a magazine for the London based company and call centres are some examples.

(iii)Besides, a host of services such as data entry, accounting, administrative tasks, engineering are now being done cheaply in India and are exported to the developed countries.