What is a potential consequence of globalisation on local economies?

Complete independence from global markets

Increased initiative for small-scale producers

Collapse of local industries due to foreign competition

Guaranteed success for all local businesses

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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.