globalisation and revision

GLOBALISATION AND THE
INDIAN ECONOMY

Module-1/5

Word Cloud

Write the name of your pencil and laptop that you use in your daily life?

l=learning objectives:

Explain the impact of globalisation on Indian economy.
Explore the evolution of lifestyle based on consumer products.

Keywords: MNC'S , WTO , Rapid integration.

CONSUMER MARKET IN INDIA BEFORE
GLOBALISATION

CONSUMER BRANDS IN INDIA
AFTER GLOBALISATION

WHAT IS GLOBALIZATION

Globalization is the process of

rapid integration or
interconnection between
countries.

Draw

Tick the Indian products from this fast moving consumer products.

MULTINATIONAL CORPORATIONS

Main force behind globalisation

MNC is a company that owns or controls

production in more than one country

It not only sells the finished products

globally, the goods and services are
produced also globally

This is done to reduce the cost of

production and earn greater profit

CONTI…….

Production is divided in small parts

across the globe to gain advantage
for their closeness to the market,
cheap labour and raw material.

The MNC may save around 50-60%

in production and increase profit.

HOW MNCS SPREAD PRODUCTION

EXAMPLES OF MNCS

EXAMPLES OF MNCS

Open Ended

Write the pro's and cons of globalization on labor and small scale industries?

Open Ended

Basic questions and definitions from economics

1. Average income

1. 2. Sustainability of development

2. 3. GDP

3. 4. Foreign trade and its uses

4. 5. Role of Industrial development

Multiple Choice

__________is an asset that the borrower owns (such as land, building, vehicle, livestock, deposits with banks) and uses this as a guarantee to a lender until the loan is repaid.

• Terms of credit

• loan

• collateral

• none

Open Ended

Write the importance of self help groups to the economy.

Multiple Choice

How many total currencies are there in the world?

• 168

• 175

• 200

• 180

Multiple Choice

What is the full form of UNDP?

• 1. United States National Development Project

• 1. Union National Global Development

• 1. United Nations Global Development Network

• 1. Union of Nations for Global Development

Multiple Choice

Underemployment occurs when people

• do not want to work

• are working in a lazy manner

• are working less than what they are capable of doing

• are not paid for the work

Fill in the Blanks

The main channel that connected the countries in past was

Poll

How many questions did you answer correctly?

• 10

• all

• 50%

• only mcq's