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


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