Explain any five negative impacts of liberalisation and globalisation on business and industry in India.
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Negative impacts of globalisation and liberalisation.
- It does not allows our small scale producers to make profit.
- Liberalisation leads to more export of goods produced by exploiting our resources.
- It leads to the competition between MNCs and small scale producers.
- MNCs occupies our India n companies and does not allow Indian to grow.
- MNCs doesn't have any tax for particular years but Indian need to pay tax.
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