Question

Globlisation is two- faced . explain in context of our country.

Answer 1

Globalisation is two faced as it has both merits as well as demerits

Because of globalisation we have (Consumers) huge choice

It provides employment

But it has demerits too as due to globalisation the small industrialists lost their job due to tough competition

Answer 2

Positive pacts:

#choice to consumers
#people enjoy higher standards of living
#MNCs have increased their investments
#competitive prices improves quality
#local companies supplying raw materials have prospered
#top Indian companies have spread access worldwide due to domestic competition by themselves
#more employment opportunities
#globalisation has created new opportunities particularly for IT companies like infosys

Negative impacts:

#pressure for small producers
#local firm find it difficult to compete with foreign products
#change of lifestyles due to pressure
#more demand for foreign products
#long working hours for works during peek season
#MNCs do not use eco friendly methods
#globalisation might result in economic imperialism
#deserting of company branches due to prices can cause large scale unemployment