Briefly discuss the merits of globalisation and write three steps which have been taken by governmentto promote it in India.

Globalisation has several merits that can benefit countries like India. Firstly, it promotes economic growth by increasing trade and investment opportunities. This allows countries to access new markets and attract foreign direct investment, leading to job creation and improved living standards. Secondly, globalisation encourages technological advancements and innovation as countries compete to stay competitive in the global market. This leads to the transfer of knowledge and expertise, which can drive productivity and economic development. Lastly, globalisation fosters cultural exchange and understanding among nations, promoting tolerance and diversity.

In India, the government has taken several steps to promote globalisation. Here are three examples:

1. Liberalization of trade policies: The Indian government has implemented various reforms to liberalize its trade policies. This includes reducing tariffs and non-tariff barriers, simplifying customs procedures, and promoting free trade agreements. These measures aim to increase India's integration into the global economy and attract foreign investment.

2. Foreign direct investment (FDI) promotion: The government has introduced policies to attract foreign direct investment in key sectors of the economy. This includes allowing higher FDI limits in sectors such as retail, defense, and insurance. By encouraging FDI, the government aims to bring in capital, technology, and expertise from abroad, which can contribute to economic growth and development.

3. Skill development and education reforms: To adapt to the demands of the global market, the government has focused on skill development and education reforms. Initiatives like Skill India and Make in India aim to enhance the employability of the Indian workforce and promote entrepreneurship. By equipping individuals with the necessary skills and knowledge, the government aims to make India a competitive player in the global economy.

These steps taken by the Indian government demonstrate its commitment to promoting globalisation and reaping its benefits.