Globalisation has the followingimplications onIndian industries:Positive:1.Several top Indian companies have been able to benefit from the increased competition.2.They have invested in newer and latest technology and production methods andraised their production.3. Industries have gained from successful collaborations with foreign companies.4. Globalisation has enabled some large companies to emerge as multinationals themselves one can give examples of Tatamotors,Ranbaxy. Asian Paints etc.5. Globalisation has also created new opportunities for companies providing services, particularly those involving IT. The Indian companies today providing host of services like, data entry, accounting, administrative tasks, engineering and are exported to the developed countries.6. Local companies supplying raw material toMNC'shave also prospered.However, implications of Globalisation on Indian Industries has not been uniform, While large industries and capitalist have benefited, several small industries have shut down.a.. Growth ofMNC's,increased inflow of foreign goods have posed fierce competition to local industries.b. Many small manufacturers, small scale industries had to shut down because of their inability to cope with foreign brands leading to unemployment.
