What is the impact of globalisation on the consumers of India?


(i) Globalisation and greater competition among producers-both local and foreign producers-has been of advantage to consumers, particularly the well-off sections in the urban areas.

(ii) There is a greater choice before these consumers who now enjoy improved quality and lower prices for several products.

(iii) As a result, these people today enjoy much higher standards of living than was possible earlier.

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