Question 5: Critically evaluate the impact of globalisation on domestic business environment of India

By Kru

Question 5: Critically evaluate the impact of globalisation on domestic business environment of India

Abstract

This report will discuss the impact that India has had through globalisation, and how it has affected domestic business environment of India. The report will also include theories on globalisation and a PEST analysis showing the factors affecting economic growth on domestic business environments. And how the economy have been structured and adjustments for essential for growth of the economy.

To improve India’s economy they would need to improve vastly on health care, because it is one of the main issues that are bring the economy down, as poverty is rising. They can do this by creating more jobs in the healthcare and working alongside with the government, to help with funding more. Another way is by investing money to improve water supplies. This can have a positive impact on India, as it would provide citizen with better living standards and therefore would have a positive effect on business and globally. By letting other nations to help with the water system, can have a long term impact on globalisation on domestic business environment of India, because there would have built a positive relationship with other nation.

1. Introduction

In today’s tuff economical crisis, the term “globalisation” has created a lot of confusion on how to correctly define the term of globalisation, in the current society. Globalisation has brought in new opportunities to developing countries such as India. This has lead India to have greater access to technology, improved productivity and higher living standard. However, globalisation has also thrown up new challenges like growing