Chapter 4 · Question 5
Explain the mixed impact of globalisation in India.
Answer
Direct Answer
Globalisation has created opportunities for some producers, workers, service firms, and consumers through new markets, technology, jobs, and choice. But small producers and unorganised workers may face pressure from competition, insecure jobs, and unequal gains.
Simple Explanation
Globalisation has created opportunities for some producers, workers, service firms, and consumers through new markets, technology, jobs, and choice. But small producers and unorganised workers may face pressure from competition, insecure jobs, and unequal gains.
Exam-Ready Structure
Globalisation has created opportunities for some producers, workers, service firms, and consumers through new markets, technology, jobs, and choice. But small producers and unorganised workers may face pressure from competition, insecure jobs, and unequal gains.
Key Points
- Globalisation has created opportunities for some producers, workers, service firms, and consumers through new markets, technology, jobs, and choice.
- But small producers and unorganised workers may face pressure from competition, insecure jobs, and unequal gains.