Question

Liberalization and globalization policy has had to explain a negative impact on the indian economy

Answer 1

LIBERALISATION AND GLOBALISATION HAD MANY NEGATIVE IMPACTS ON INDIAN ECONOMY:

1. IT LEAD TO THE LOSS OF LIVELIHOOD TO MANY INDIAN PRODUCERS

2. IT LEAD TO FLEXIBILITY IN LABOUR LAWS

3. MANY LABOURS WERE EMPLOYED TEMPORARILY AND ALSO MANY LOST THEIR JOBS