What is the impact of globalisation in India?

Explanation

The impact of globalization in India are:
(i) Opening of the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economic activity in India.
(ii) Removing restrictions and obstacles to the entry of multinational companies in India.
(iii) Allowing Indian companies to enter into foreign collaboration in India and also encouraging them to set up joint ventures abroad.
(iv) Carrying out massive import liberalisation programmes by switching over from quantitative restrictions to tariffs in the first place, and then bringing down the level of import duties considerably.
(v) Instead of a set of export incentives, opting for exchange rate adjustments for promoting export.