Which one of the following statements about ‘Globaliza

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Which one of the following statements about ‘Globalization’ is not correct ?

U.P. U.D.A./L.D.A. (Mains) 2010

[External Sector - Trade, FDI, Debt]

It has encouraged Indian industrialists to seek foreign investments.

It has motivated top industrialists in India to buy large ventures in foreign countries.

It has tempted foreign companies to buy Indian companies.

It has created a sense of optimism among small entrepreneurs in India

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