"impact of global has not been uniformed" explain the statement
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globalization of the Indian economy has come a long way. Now there is greater choice before the consumers, who now enjoy improved quality and lower prices for several products. People are enjoying much higher standards of living than they enjoyed earlier. In this way, globalization has benefited well off consumers and also producers with skill, education and wealth.
But the other side of the picture is not very bright. Flexibility in labour laws has worsened the conditions of workers because they are appointed on non-regular basis to avoid facility of provident fund and other facilities. Workers work extra hours of work and they receive no payment for this. Smallproducers have also suffered from globalization because they are unable to compete with MNCs.
But the other side of the picture is not very bright. Flexibility in labour laws has worsened the conditions of workers because they are appointed on non-regular basis to avoid facility of provident fund and other facilities. Workers work extra hours of work and they receive no payment for this. Smallproducers have also suffered from globalization because they are unable to compete with MNCs.
ansh195:
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It is true that the impact of globalisation has not been uniform.
This can he explained through the following points
(i) Globalisation has some negative impacts on
employment and real wages. Due to ushering in of new technologies, output increases, but employment opportunities are not much, especially in rural areas, where over 60% of the population lives.
(ii) Globalisation is mainly beneficial to‘large capitalists, industries and large companies. Consequently, it increases the concentration of economic power and leads to inequalities.
(iii) In India, during 1990-9.1 more than 33% of national product originated in the agricultural sector, but this share has come down to 23% in 2004-05.
This can he explained through the following points
(i) Globalisation has some negative impacts on
employment and real wages. Due to ushering in of new technologies, output increases, but employment opportunities are not much, especially in rural areas, where over 60% of the population lives.
(ii) Globalisation is mainly beneficial to‘large capitalists, industries and large companies. Consequently, it increases the concentration of economic power and leads to inequalities.
(iii) In India, during 1990-9.1 more than 33% of national product originated in the agricultural sector, but this share has come down to 23% in 2004-05.
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