Answer :
globalization means growing of business across the world.
The impact of globalization has been huge upon the economy of the nations but hasn’t been uniform.
a. The MNCs had been investing in sectors that bear huge profits. In India, these MNCs have been interested in investing in electronic, automobiles sectors. Due to this foreign investment, the small manufacturers have been hit hard.
b. The small industries hired the most of the laborers, but due to globalization, these laborers have become unemployed.
There also a positive impact of globalization:
a. Investment by foreign companies has increased the employment of skilled and educated workforce.
b. Many Indian companies have also set up their units across the world.
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