IIM CAT, XAT, TANCET MBA Forums

TOPIC: GLOBALIZATION IN INDIA

please send your views on this topic[/b]

Hi,
according to me globalization is always gonna do good to our nation
with globalization taking place new MNC's will come to india which will help in generating employment and creating infrastructure
It's true that profit will go to the pockets of the foreigners but atleast we r getting something
the buildings they construct in India won't take with them to their countries
the infrastructure will remain with us only
It will create competetion in the Indian market and compel Indian companies to improve their quality upto international standards.
As far as the hike in prices is concerned i don't think there will be much effect b'cos with so much competetion the companies will definitely try to get the maximum profit and to do so they will have to reduce the prices of their commodities.
Cosumers will also get variety in the market. [/b][/list]