Which of the following is an example of globalization?

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Indians consume goods produced abroad.

Indians became self-sufficient in terms of producing goods and services.

Indians moved across states in domestic territory.

Indians produce a huge amount of agricultural produce.

answer is A.

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Detailed Solution

Indians being able to consume goods produced abroad is an example of globalisation. Under globalisation, markets of various countries were opened to others. India also opened its market to global interests after 1991. Indians could now buy goods that were produced abroad. The increasing competition led to a reduction in the prices of the products. This was harmful to the local producers. It also increased the dependency of Indians on other countries for goods and services. Many Indians also moved to other countries in search of better opportunities.

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