What can small producers do to adapt to globalisation?

Focus only on local markets

Improve efficiency and product quality

Avoid competition with MNCs

Set lower prices without changes in quality

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Q1.

Define globalisation and explain how it impacts the Indian economy.

Q2.

Discuss the role of multinational companies in facilitating globalisation through trade and investment.

Q3.

What are some important factors and institutions that facilitate globalisation?

Q4.

Analyse the positive impacts of globalisation on the Indian economy.