Question

Liberalisation and globalisation policy has had negative effects on the indian economy explain

Answer 1

-flexibly in Labour laws throug which laboirs has to suffer for their economy
-they brings foriegn trafe
-sez are provided to them

Answer 2

Liberalisation and globalisation policy has had negative effects on the indian economy because of Destabilization of the economy:Impact of FDI in Banking sector: threat from the multi nationals, Acquisitions and mergers, impact of technology and the past failures

Explanation:

• There was major redistribution of economic power and political power that lead to destabilization of the Indian economy. They needed to adapt to new technological changes
• Due to foreign direct investment in the banking and insurance sectors there was a decline of government’s stake in banks and insurance firms. The acquisitions and mergers are increasing day-by-day.  
• MNC’s did not have much role to play  in the Indian economy. Since  there was domination of public enterprises in the economy. Due to  liberalization,  there was a lot of competition for the Indian firms.

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