Globalisation in India

Out of Liberalisation, Privatisation and Globalisation, which term matches the best from the following

• It involves deregulation and reduction of government controls and greater autonomy of private investment.
• It means integration of economy of the country with the world economy.
• It implies greater role of private sector in the economic activities of the country.
• It aims to remove entry and growth restrictions on the Private Sector.
• It involves selling off part of the equity of public sector undertakings to the public.
• It aims to create a borderless world. 

Trade between two countries is known as

What means integrating the domestic economy with the world economy.

WTO was established in the year

Outsourcing is good for India because

WTO stands for:

It refers to contracting out some of its activities to a third party which were earlier performed by the organisation. 

What do you mean by globalisation

Mention the advantages, which make India a favourite outsourcing destination

Why do developed countries oppose outsourcing of work to India?

Why outsourcing is good for India?

Name any two services outsourced from India.

What do you understand by the term 'Globalisation'? Mention any 4 changes made by the globalisation of the Indian economy.

 _____was the predecessor organisation to World Trade Organisation (WTO).

It refers to contracting out some of its activities to a third party which were earlier performed by the organisation. 

Outsourcing is good for India because

WTO stands for:

 Cheaper imported goods was one of the reasons behind

"GATT was established in $1923$ with $48$ member countries."

India has become a favourable destination of outsourcing for most of the MNC's.