Q. 274.0( 4 Votes )

What is globaliza

Answer :

Globalisation is the process of rapid integration or interconnection between countries due to the movement of goods, services, and people. Multinational Companies contribute a lot to this process.


Top Indian companies have benefitted:


1. Increased competition has encouraged them to invest in latest technology and production methods.


2. Many have collaborated with foreign companies and profited a lot from the business.


3. Many Indian companies have themselves become MNCs like Tata Motors, Ranbaxy, and Infosys.


Explanation: Globalisation has contributed a lot to the development of industries and its contribution to the economy.


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