Q. 95.0( 4 Votes )

Supposing you find two people arguing: One is saying globalization has hurt our country’s development. The other argues that globalization is helping India to develop.

How would you respond to these arguments?

Answer :

The answer to this will neither be completely positive nor negative.

the positive impact of globalization:


a. Investment by foreign companies has increased the employment of skilled and educated workforce.


b. Many Indian companies have also set up their units across the world.


There is also the negative impact of globalization:


a. The MNCs had been investing in sectors that bear huge profits. In India, these MNCs have been interested in investing in electronic, automobiles sectors. Due to this foreign investment, the small manufacturers have been hit hard.


b. The small industries hired the most of the laborers, but due to globalization, these laborers have become unemployed.


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