Question

What changes have occured in india due to the adoption of the policy of liberalisation and globalisation?

Answer 1

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Answer:

Liberalisation and globalisation helped India to become one of the fastest growing economies of the world. Employment growth : New employment opportunity in service sector and manufacturing sector were available to Indian working population, improving on the employment situation in India.

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Answer 2

Answer:

Answer:-

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Changes have occured in india due to the adoption of the policy of liberalisation and globalisation:-

A) more and more choices of goods and available for the consumers at competitive prices and better quality

B) However globalisation has adversely affected producers and workers due to flexibility in labour laws and increased competition from outside.

C) Globalisation through partnerships with MNCS has compelled local producers in India to improve their standards of production. Sometimes an MNC may also bring with it improved technologies for production.

D) Globalisation has enabled some Indian companies to emerge as multinational companies themselves such as Ranbaxy. Tata motors etc.

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