CBSE Class 10 Economics Chapter 4 Notes - Globalisation and the Indian Economy

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Globalisation and the Indian Economy Class 10 Notes Economics Chapter 4 - PDF Download

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Globalisation and Indian economy go hand in hand. The economy is like the backbone of any country that deals with various forms of the transaction, both inside and outside the country. The Globalisation and the Indian Economy Class 10 notes by Vedantu free PDF will give you a detailed picture of everything you need to know about the Indian economy and how it influences globalisation. This is a broad topic that requires a significant amount of study and understanding and hence, you should swear by the Globalisation notes to build a clear concept of it.

CBSE Class 10 Economics Chapter 4 Notes - Globalisation and the Indian Economy part-1
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FAQ (Frequently Asked Questions)

Q1. How is the Technology Responsible for Globalisation as Mentioned in Globalisation and the Indian Economy Class 10?

Ans. The evolution and advancement in technology at a rapid pace has acted as stimuli in the process of globalisation. Delivery of goods and services would have never been easier without the advent of technology. It has made the process of transaction easier and affordable, even in long distances. Also, the technology has accelerated our lives to an extent which has allowed us to access information with a blink of an eyelid. Such advancement has been a major cause of globalisation which you can learn from Globalisation Class 10 notes by Vedantu.

Q2. Discuss Liberalisation and the Foreign Trade and Foreign Investment Policy.

Ans. There are certain forms of restrictions that have been set up by the government and these restrictions are known as trade barriers. These barriers are created to regulate foreign trade. This means that the regulation decides the number of goods that would flow in and flow out of the country. One of such trade barrier example would be a tax on imports. However, if the government lessens the regulations that have been imposed on trade, it would lead to the liberalisation of foreign trade. Hence, it would also create change in foreign investment policies. You can get to know more about this through Globalisation Class 10 notes.