Question 1 · 10 marks · 141 words written
Opening
Due to globalisation, There have been changes in the economic nature of the world i.e change in one corner affects the other corner of the globe.
India's integration with the global value chain :
Improve the business climate ↳ by providing wide array of opportunities, by bringing new technology ↳ competition to adopt better measures
Inclusive growth ↳ by involving various sections of the society ↳ women empowerment ↳ promoting gig economy . .
opportunities for India:
↳ India's population crossing 1.3 billion, huge human capital especially in this demographic dividend .
↳ Increased remittances and FDI .
however challenges:
Body · points
brain drain
WTO's issues in compelling the terms
International crisis like Arab, Russia Ukraine conflict
China's increased influence .
Close
India's increased pesence in the global market has been increasing her bargaining power to demand global power status.