Explain any three positive impacts of Globalisation on Indian economy.

The three impacts of Globalisation on Indian economy are as follows:

(a) Cheaper and Faster Transportation: Due to global trade relationships and advancement of technologies, the aircrafts, ships, etc. have facilitated the task of transporting goods to distant places in much less time.

(b) Removal of Capital Exchange Controls: The control on movement of money from one country to another was lifted over during 1991. This allowed businesses to move from one country to another is search for better business opportunities. This policy has helped in attracting foreign investment into our country thus contributing to adequate foreign exchange reserves to make country's BOP favourable.

(c) Emerging markets in Developing Countries: There is growth in income, improvement in standard of living of the people of developing countries through globalisation. There are foreign or imported goods market where better qualities goods are made available at competitive prices for the residents.