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Class 10
Social Science - Understanding Economic Development
Globalisation and the Indian Economy
supposing you find two people arguing one is sayi...

Question:
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?

Answer:

Globalization has come with both advantages and disadvantages in our country.
- The advantages of increased globalization are:
- Increase in the volume of trade
- Increase in the employment opportunities

- Increase in variety of goods in the market, for the buyers to choose from
- Improvement in the quality of goods due to increased competition in the market. The disadvantages of increased globalization are:
- Small scale industrialists may not be able to compete with those international enterprises and earn much profit.
- Workers are employed flexibility hence they do not get job security.

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Question:
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?

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Question: Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?

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Question:
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?