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Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy5 Marks
Question
How have our markets been transformed in recent year? Explain with examples.
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Answer

Transformation of markets
  1. In the past two or three decades, more and more MNCs have been looking for locations around the world.
  2. Foreign investment has been rising, foreign trade has also been rising rapidly.
  3. There is greater integration of production and markets across countries today.
  4. We have a wide choice of goods and services before us.
  5. The latest models of digital cameras, mobile phones and T.V.’s made by the leading manufacturers of the world are within our reach.
  6. Every season new models of automobiles can be seen on Indian roads.
  7. A similar explosion of brands can be seen for many other goods.

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