Question

Is there any threat to the Indian economy due to Globalization?

Discuss
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Answer 1

Answer:

The negative Effects of Globalization on Indian Industry are that with the coming of technology the number of labor required decreased and this resulted in many people being removed from their jobs. This happened mainly in the pharmaceutical, chemical, manufacturing, and cement industries.

Answer 2

Making substantial contribution to the national economic growth. Impact of Globalization on Industrial Sector: ... The negative Effects of Globalization on Indian Industry are that with the coming of technology the number of labor required decreased and this resulted in many people being removed from their jobs.