Globalization has had a significant impact on the Indian economy. Here are some of the effects of globalization on the Indian economy:

• Increased employment opportunities: Globalization has led to the creation of new jobs in sectors such as IT, manufacturing, and services, leading to lower levels of unemployment in India.
• Increased foreign investment: Due to liberalization policies, India has become a preferred destination for foreign companies to invest in sectors such as retail, manufacturing, and services, leading to an increase in FDI inflows.
• Increased GDP growth: Globalization has brought about greater integration of the Indian economy with the global economy, leading to higher levels of economic growth.
• Increased income levels: As the economy grows, incomes tend to rise, thus leading to a reduction in poverty levels in India.
• Rapid urbanization: Globalization has led to a migration of people from rural areas to urban areas in search of better job opportunities.
• Increased competition: Domestic companies are now facing stiffer competition from foreign companies, leading to an improvement in the quality of goods and services.

Overall, the impact of globalization on the Indian economy has been largely positive, leading to higher levels of economic growth, employment, and income levels.