Question
Highlight any four negative consequences of globalization for the people of India.
Solution
Negative Consequences of Globalisation
(i) Leads to loss for the farmers if the expensive seeds from MNC’s fail their crops.
(ii) Fear of loss of livelihood for the small retailers.
(iii) Tough competition for Indian MNC’s from foreign MNC’s
(iv) Fear of erosion of Indian Culture by foreign influence.
