any 5 negative impacts of globalisation in india?
Answers
Globalization has been one of the major drivers of India’s growth story since the early 90s. The way we live has definitely changed owing to it. But as they say, each coin has two sides: positive and negative.
First, let me mention a few positives:
Increased Growth
More choice available to consumers
More awareness among the consumers
Increased international trade
Technological progress
Job creation, especially in the IT and Services Sector.
Improved healthcare
Better, more competent workplaces.
Development of rural areas
Increased cooperation among neighboring countries and also with other developed nations (For example, SAARC, BIMSTEC, ASEAN, Treaties with France, US etc.)
Recognition and adoption of ancient Indian practices like Yoga, Ayurveda etc. world over.
International cuisine on our plates
These were just a few pointers. Let’s move on to the negatives.
A breaking of traditional family systems, more individualism.
Urban cities are getting overpopulated because of the migration from rural areas in search of better opportunities, thus creating a pressure on limited resources.
Lopsided growth
Threats to domestic industries. Many industries have been suffering/ have shut down because of cheaper imports. For Example, Cashew processing units of South India have seen a drastic decline in their businesses as the processing facilities in nearby SouthEast Asian countries provides a cheaper alternative.
Loss of jobs in many traditional sectors
Indian culture, customs, and traditions have seen a decline in following by the newer generations.
The threat of loss of sovereignty of indigenous tribes/ tribal cultures because of setting up of industries in such areas.
Fast depletion of local resources
Promotion of a sedentary lifestyle along with unhealthy food choices (we didn’t have pizzas, burgers, fries, pasta etc. on such a massive scale before!)
A threat of sanctions against India
Again, these were just a few negative impacts of Globalisation on the Indian economy.
please mark me as brainliest
Some of the negative impacts include:
1 Globalisation operates mostly in the interests of the richest countries, which continue to dominate world trade at the expense of developing countries. The role of LEDCs in the world market is mostly to provide the North and West with cheap labour and raw materials.
2 There are no guarantees that the wealth from inward investment will benefit the local community. Often, profits are sent back to the MEDC where the TNC is based. Transnational companies, with their massive economies of scale, may drive local companies out of business. If it becomes cheaper to operate in another country, the TNC might close down the factory and make local people redundant.
3 An absence of strictly enforced international laws means that TNCs may operate in LEDCs in a way that would not be allowed in an MEDC. They may pollute the environment, run risks with safety or impose poor working conditions and low wages on local workers.
4 Globalisation is viewed by many as a threat to the world's cultural diversity. It is feared it might drown out local economies, traditions and languages and simply re-cast the whole world in the mould of the capitalist North and West. An example of this is that a Hollywood film is far more likely to be successful worldwide than one made in India or China, which also have thriving film industries.
5 Industry may begin to thrive in LEDCs at the expense of jobs in manufacturing in the UK and other MEDCs, especially in textiles.