positive and negative impacts of globalisation
positive impact:
mnc's have increased their investments in india.eg, industries like cell phones, automobiles etc...
new jobs were created
competition raised production standards
companies benefitted from increased competition
made collaborations and emerged mnc's
negative impact:
small manufacturers have been hit hard due to foreign competition
educated and unskilled workers have become jobless due to closure of various units
globalisation has a negative impact on most of the small industries which employ the largest number of workers after agriculture