What Is Globalization? Has India Benefited From It?

Globalization is the process of development of products and services that can cater to the entire word market. It assumes that as development is taking place in the entire world and as the markets are developing the consumers all around the world is demanding high class products. This allows the manufacturers to develop standard products that can be sold world wide. India has also benefited from globalization because no the Indian manufacturers also have the opportunity to send their products into other world markets. In the same way now the Indian consumer also has the access to quality products from all around the world. This means more profits for the Indian companies from the global market as compared to just the local market.