Which of the following effects of globalisation on the Indian economy?

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Denying the multinational companies in India

No communication between local companies and foreign investors

Decreasing production standards

Consumers get better quality products

answer is D.

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Detailed Solution

Consumers getting better quality products is the effect of globalisation on the Indian economy.
Globalisation has numerous effects on the Indian economy. As of now, Indian people get low-priced products of acceptable quality. The low-price products have helped in increasing the standard of living of Indians as now people have enough money to spend on other products or fulfil their wants which have previously been ignored because of high-priority consequences. Multinational companies are also investing in countries like India, as developing countries have increased their investment in India. Most companies are for electronics such as smartphones, automobiles, etc. Some competitive local companies have collaborated with multinational companies to work efficiently with mutual benefits.

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