How has India been a beneficiary to Globalisation ? What favourable conditions have emerged for our country in the new world order ?

Globalization means increasing integration of economics around the world particularly through the movement of goods, services and capital across borders. The term also refers to movement of people (Labour) knowledge (technology) across international borders. Following are the notable benefits of globalization for India:- Increase in trade volume India's overall competitive index is improving Consumers have a variety of choices for product or service There is a focus on improving Infrastructure and Logistics Implementation of GST has made market more attractive in various industrial sectors R&D, patents, other IPRs have gained prominence New Business Opportunities are appearing in the ITES related sectors etc. Efficient business environment Increased inflow of FDI has led to an increase in the economic development and growth which in turn led to an increase in mergers, acquisitions and strategic alliances Globalisation has contributed in improving the availability of technology and better man power Below mentioned points are the conditions favourable for globalization are as follows: A more stable and investor friendly political environment One of the largest pools of qualified and trained work force Young workforce with newer skills Affinity of the new generation towards entrepreneurship and start-ups Dismantling of trade barriers although slowly Plugging of leakages in subsidy management Involvement of the tertiary sector being increased Certain core sectors intend to perform better Better global image of the country More international tie-ups bringing more business opportunities Expanding market size Energy sector has become an attraction proposition etc.