The factors which have enabled globalisation in India are:
(i) During the past, 50 years, several improvements in technology have taken place. For example, in transportation technology, containers are now used for the transportation of goods. This has led to huge reduction in cost and increase in speed in reaching the markets.
(ii) Rapid improvement in transportation has been one major factors that has stimulated the globalisation process. This has made much faster delivery of goods across long distances possible at lower costs.
(iii) Information Technology (IT) has played a major role in spreading out production of services.
(iv) The Government of India has removed barriers or restrictions to trade set earlier. This step, called liberalisation, enabled goods and services to be exported and imported easily.
Multinationals lave been allowed to set-up factories and offices in India. Due to this, there is greater integration of production and markets across countries.
