Globalisation has its positive and negative impacts on the Indian economy.
(a) Positive Impacts
(i) Globalisation has enabled some Indian companies (i.e., Tata Motors, Infosys, Ranbaxy, etc.) to emerge as multinationals.
(ii) Globalisation has brought huge growth of some sectors like telecommunication and information technology, Business Process Outsourcing (BPO).
(b) Negative Impacts
(iii) A large number of small producers and workers have faced great problems. They have been hit hard due to competition. Several units have shut down rendering many workers jobless.
(iv) Globalisation has not achieved balanced growth. Most of the investment has been made in big cities and rural areas have been ignored.