Question 2 - Past Year Questions - 3 Marks - Chapter 4 Class 10 Economics - Globalisation and the Indian Economy - Economics

“A wide ranging choice of goods are available in the Indian markets.” Support the statement with examples in context of Globalisation.

Answer: 

Points to Remember

• Indian markets have changed dramatically because of globalization.
• Customers have a diverse range of goods and services available in the market.
• We have access to recent versions of digital cameras, mobile phones, and televisions ,
• For example :  Indians are buying cars produced by all the top companies in the world such as Ford Motors.

Answer to be written in exam

• Indian markets have changed dramatically during the last few years because of globalization.
• Customers in the modern world have a diverse range of goods and services available in the market.
• We have access to the most recent versions of digital cameras, mobile phones, and televisions produced by top global manufacturers.
• For example :  Indians are buying cars produced by all the top companies in the world such as Ford Motors, an American firm that produces cars for the Indian markets.