Question : One positive impact of globalization on the Indian economy is:
Option 1: Increased job opportunities
Option 2: Decline in foreign direct investment (FDI)
Option 3: Restriction on cross-border trade
Option 4: Limited access to advanced technology
Answer (1)
26th Jan, 2024
Correct Answer: Increased job opportunities
Solution : The answer is (a) Increased job opportunities.
Globalization has led to increased job opportunities in India in a number of ways. First, it has led to increased foreign direct investment (FDI) in India. FDI is when a company from one country invests in a company in another country. This has created new jobs in India in a number of sectors, including manufacturing, IT, and services.
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