“Among producers and workers, the impact of globalisation has not been uniform. ” Explained

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(i) MNCs have increased their investments in India over the past few years, which mean investing in India has been beneficial for them.

(ii) MNCs have been interested in industries such as cell phones, automobiles, electronics, soft drinks, fast food or services such as banking in urban areas.

(iii) These products have a large number of well-off buyers.

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(iv) In these industries and services, new jobs have been created.

(v) Local companies, supplying raw material, etc., to these industries have prospered.

(vi) Several top Indian companies have been able to benefit from the increased competition and have emerged as MNCs by investing in new technology and raising the standard of their production.

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