Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal · Class 12 · CBSE · Commerce Economics
State two positive and two negative effects of globalisation on the Indian economy.
Practice question from Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
medium · Subjective · Q-5AA47A
State two positive and two negative effects of globalisation on the Indian economy.
Solution
Globalisation integrates the Indian economy with the world economy through trade, investment, technology and movement of services. Its appraisal is mixed because it created new opportunities while also exposing vulnerable sectors and workers to intense competition.
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