State one positive and negative effects of globalisation in India.

Positive effect of Globalisation: It has resulted in greater competition among producers both local and foreign level. This has improved their quality of product and also lowered the prices.

For instance, the past fifty years have seen several improvement in transportation technology. This has made much faster delivery of goods across long distances possible at lower costs.

Negative effect of Globalisation: Globalisation has posed major problems for a large number of small producers and workers. These small producers were unable to face the competition from giant foreign manufacturers which had led to the closure.