Question : What is the main objective of globalization in India?
Option 1: Promoting cultural diversity
Option 2: Expanding trade and investments
Option 3: Restricting foreign influence
Option 4: Protecting domestic industries
Correct Answer: Expanding trade and investments
Solution : The correct answer is (b) Expanding trade and investments
Globalization in India aimed to promote and expand trade and investments. The objective was to integrate the Indian economy with the global economy by removing trade barriers, reducing restrictions on foreign investment, and encouraging the flow of goods, services, and capital across borders.
The idea behind globalization was to enhance economic growth, attract foreign investment, and facilitate the exchange of goods and services with other countries. By opening up markets and participating in global trade, India sought to benefit from increased access to international markets, technology transfer, and the growth opportunities that come with increased economic integration.
Related Questions
Know More about
Trending Articles/News
