Globalization has had a profound impact on the Indian economy. Here are some key points to consider:

• Increased foreign trade: Globalization has led to increased foreign trade in India, making it a hub for foreign investment. This has led to an increase in the country's GDP and has aided the growth of the manufacturing and service sectors.
• Lower manufacturing costs: As a result of globalization, manufacturing costs in India have reduced. Foreign firms can now set up their production units in India, which has led to a boost in exports.
• Higher competition for domestic firms: With the entry of foreign companies, domestic firms face stiffer competition. This has led to a need for increased efficiency and innovation in Indian firms.
• Increased FDI: Foreign Direct Investment (FDI) has increased in India as a result of globalization. India has become an attractive destination for FDI, which has led to an increase in jobs and economic growth.
• Better technology transfer: Foreign companies bring advanced technology and know-how to India, which can help boost productivity and innovation in Indian companies.
• Working conditions: Critics claim that globalization has led to a decline in working conditions and wages for Indian workers, especially those in the informal sector.
• Environmental impact: Globalization has led to an increase in pollution, as more factories are set up and more products are transported across borders.

Overall, while globalization has had positive impacts on the Indian economy, there are also concerns about its impact on workers and the environment.