Which Sector in India has benefitted the most from Globalization ?
Detailed Explanation:
Services sector emerged as the largest beneficiary of globalization in India, contributing over 50% to GDP.
IT exports surged with companies like TCS, Infosys, Wipro becoming global leaders; India became the world's top BPO destination due to English-speaking talent and cost advantages; FDI inflows concentrated in telecom, banking, insurance, and e-commerce; sectors like tourism, healthcare, and financial services expanded rapidly post-1991 reforms.
In contrast, manufacturing grew modestly while agriculture faced challenges from import competition and saw limited export growth despite globalization.
Question 1 of 2 LPG Reforms 1991
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First question in this topic
In which budget did the Finance Minister announce the Liberalized Exchange Rate Manag...