What is globalization, Macroeconomics

what are its effects on the Indian economy?

Ans) It is largely positive. Globalization has brought a lot of jobs and large sums of investment to India. India's economy has been growing at exceptional rates for the past various years and many new opportunities have opened up for India. Yet, India does remain rather poor. Its GDP per capita is less than $2,000, a fraction of the GDP per capita found in some Latin American and Eastern European nations. Most of those who profit from globalization in India are the upper classes, with a lot of in the lower classes being displaced and suffering from miserable labor conditions. Nonetheless, globalization has make a large economic boom for India with largely positive effects Describe economics on the welfare and scarify of resources



Posted Date: 4/1/2013 3:26:18 AM | Location : United States

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