Economics · Globalization
Which of the following statements is NOT true regarding globalization and its impact on the Indian economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It has increased choice and quality of consumer goods available in the domestic market.
- 2The percentage growth in exports has consistently been greater than the growth in imports, creating a constant trade surplus.✓
- 3It has led to a much greater flow of Foreign Direct Investment (FDI).
- 4It has significantly expanded trade in both goods and services.
Correct answer
The percentage growth in exports has consistently been greater than the growth in imports, creating a constant trade surplus.
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