Study Chapter Details
UP Board Class 10 Social Science – Globalisation and the Indian Economy
The chapter “Globalisation and the Indian Economy” explains how countries across the world are becoming connected through trade, investment and communication. Globalisation allows goods, services, ideas and people to move easily across national boundaries. In this process, Multinational Companies (MNCs) play a key role as they set up factories and offices in many countries, including India, to reduce production costs and increase profits.
The chapter also highlights liberalization policies introduced in India in the 1990s, which opened the market to foreign companies. While globalisation has brought new job opportunities, improved technology and increased choices for consumers, it has also created challenges for small producers who struggle to compete with large companies.
The World Trade Organization (WTO) works to ensure free and fair global trade, but developing countries often face disadvantages.
