Q1. [5] § IMPACT OF GLOBALISATION IN INDIA
⚠ Globalisation and the Indian Economy › IMPACT OF GLOBALISATION IN INDIA — Internal project only — not in the Board exam (per CBSE 2026-27 curriculum)
Only 'What is Globalisation?' and 'Factors that have enabled Globalisation' are in the Board exam; the remaining sub-topics are the internally-assessed interdisciplinary project. [source: Course Structure — Economics, Chapter 4 (Subtopics evaluated in Board)]
Examine the factors which facilitate globalization in India.
Previously asked in CBSE board exam
2022 32/1/1 Q10 (a)
Generated by claude-sonnet-4-6 · 2026-06-15 06:58 · grounding rag
Model Answer
The following factors facilitate globalisation in India:
- Technology (IT): Rapid improvements in information technology, transport, and communication have made it easier and cheaper to connect producers, suppliers, and markets across countries.
- Liberalisation of Trade and Investment: The Indian government removed trade barriers such as quotas and taxes on imports, allowing free flow of goods, services, and investments across borders.
- Special Economic Zones (SEZs): The government set up SEZs with world-class facilities — electricity, roads, water, storage — and offered tax exemptions for five years to attract foreign companies.
- Flexibility in Labour Laws: Governments allowed companies to hire workers on short-term/contract basis, reducing labour costs, thereby attracting foreign investment.
- Role of MNCs: MNCs actively seek cheap production locations globally, increasing foreign investment and trade, which deepens integration between countries.
- WTO: At the international level, WTO pressured developing countries to liberalise trade and investment policies, further facilitating globalisation.
Source: Chapter 4 — Globalisation and the Indian Economy
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Explanation
- Examiners expect 5 distinct, labelled points for a 5-mark question of this type — one point per mark.
- Each point should have a heading + brief explanation (1–2 sentences).
- Key terms to use: liberalisation, SEZs, MNCs, WTO, IT — these signal textbook knowledge.
- Avoid writing long paragraphs; crisp points score better in board exams.
- The question says "facilitate," so focus on enabling factors, not impacts.
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