Economic implications of globalisation :
• It involves greater economic flows among various countries.
• It has enhanced trade in commodities among countries.
• The restrictions on the imports and movement of capital have also been reduced.
• This has spread internet and computer related services across national boundaries.
Impact of globalisation on India :
1. More new jobs have been created in the MNCs like cell phones, fast food etc.
2. India is playing a crucial role among developing countries in trade and commerce by making some companies multinational themselves i.e. Tata Motors, Ranbaxy etc.
• Direct Foreign Investment have also been increased.
• It has invited inflow of private foreign capital and export-oriented activities.
