GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following Indian industries has been hit hard by globalisation?
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soft drinks
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automobiles
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electronics
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toy
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Explanation:
Detailed explanation-1: -The globalisation of the Indian economy means it allowed foreign companies to operate in the Indian market. Also, Indian businesses got an opportunity to operate on a global scale. As a result, the import-export sector in India saw an astonishing rise after 1991.
Detailed explanation-2: -Benefits of Globalization Globalization has long been used by the automotive industry, for instance, where different parts of a car may be manufactured in different countries. Businesses in several different countries may be involved in producing even seemingly simple products such as cotton T-shirts.
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