Q.State any three impacts of Globalisaton.

Globalisation brought FDI and MNCs into India, increased competition (improving quality and reducing prices), and led to technology transfer, access to world markets and more employment.

Globalisation means integrating the Indian economy with the world economy. Its impacts are studied in the LPG chapter of the Tamil Nadu HSC Class-12 Commerce syllabus (any three required).

Impacts of globalisation:

• Inflow of foreign investment and MNCs: globalisation attracted large foreign direct investment (FDI) and brought many multinational companies into India, expanding industry and services.
• Increased competition: with foreign firms and imported goods entering the market, domestic firms faced stiff competition, which improved the quality of products and reduced prices, benefiting consumers.
• Technology transfer: advanced foreign technology, management techniques and know-how flowed into India, modernising industry. …