What is globlization and its impact on India?

Answer 1

Globalization (or globalisation) describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and exchange. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.[1]However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors.[2]The term can also refer to the transnational circulation of ideas, languages, or popular culture.