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Globalisation and The Indian Economy
'Fair globalisation would create opportunities for all and also ensure that benefits of globalisation are shared better.' Support the statement.
The government can play a major role in making this possible:
(i) It policies must protect the interests, not only of the rich and powerful, but all the people in the country.
(ii) The government can ensure that labour laws are properly implemented and workers get their rights.
(iii) It can support small producers to improve their performance till time they become strong enough to compete.
(iv) The government can use trade and investment barriers and can negotiate for fairer rules at the WTO.
(v) It can also align with other developing countries with similar interests to fight the domination of developed countries in the WTO.
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Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
Supposing you find two people arguing : One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India to develop. How would you respond to these arguments?
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ____________________. Markets in India are selling goods produced in many other countries. This means there is increasing __________________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _________________ While consumers have more choices in the market, the effect of rising _____________ and ________ has meant greate _____________ among the producers.
The past two decades of globalisation has seen rapid movements in:
The most common route for investments by MNCs in countries around the world is to:
Globalisation has led to improvement in living conditions.
'Starting around 1991, some far reaching changes in policy were made in India'. Explain.
State one positive and negative effects of globalisation in India.
'The Indian government, after independence has put many such barriers on foreign trade and foreign investment'. Explain.
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