Although globalisation is generally understood to mean integration of the economy of the country with the world economy, it is a complex phenomenon. It is an outcome of the set of various polices that are aimed at transforming the world towards greater interdependence and integration. It is turning the world into one whole or creating a borderless world. Outsourcing is one of the important outcomes of the globalisation process. In outsourcing a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country. As a form of economic activity, outsourcing has intensified in recent times because of the growth of fast modes of communication, particularly the growth of information Technology (IT). India have become a favourite global outsourcing destination in the post reform period.

Identify from the following a consequence which is not the outcome of globalisation.

Decrease in public investment in agriculture

The correct answer is option (3) : Decrease in public investment in agriculture

Explanation:

• Increase in foreign direct investment: Globalization often leads to increased foreign direct investment (FDI) as countries open up their economies to international investors seeking new markets and opportunities.
• Increase in GDP growth rate: Integration into the global economy can contribute to higher GDP growth rates due to increased trade, investment, and technological advancements.
• Increase in foreign exchange reserves: Globalization can lead to an increase in foreign exchange reserves as countries engage more in international trade and attract foreign investment.

However, Decrease in public investment in agriculture is not directly linked to globalization.