Question

Supposing you find two people arguing: One is saying globalisation has hurt our
country's development. The other is telling, globalisation is helping India develop.
How would you respond to these arguments?​

Answer 1

Answer:globalizition will hurt our country

Explanation:

Answer 2

Solution:

Benefits of globalisation of India are as follows:

• Increase in the volume of trade in goods and services

• The inflow of private and foreign capital and export orientation of the economy.

• Increase the volume of output, income, and employment.

• More availability of investable funds in the form of FDI.

• Helps in developing and strengthening the domestic economy of India.

• Improved productive efficiency and healthy competition.

Negative Impact/Fears of Globalisation on Indian economy:

• It may not help in achieving sustainable growth.

• It may lead to the widening of income inequalities among people of the country.

• It may lead to aggravation of income inequalities within countries.

• It may lead to greater dependence of the underdeveloped countries on developed country.

Whatever may be the fears of globalisation, I feel that it has now become a process which is catching the fancy of more and more nations. Therefore we must become ready to accept globalisation with grace and also maximize economic gains from the world market.