Question

Describe the impact of globalisation on Indian economy with examples(5 points)?

Answer 1

1)Due to globalisation the Indian farmers might have to force much unstable prices for these products fluctuated largely on year-to-year basis .

2) The impact of trade liberalization on the prices of agricultural products at international level and domestic level depend on what policies other countries follow .

3) Export of major agriculture commodities have been liberalised.

4) Major transformation took place with the introduction of high-yielding varieties of crops .

5) This innovation , coupled with investments in infrastructure , expansion of credit marketing and processing facilities led to a significant increase in the use of modern inputs.

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Answer 2

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