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Which one of the following has benefied least because of globalisation in India?
[2011 (T-2)]
- a)Agriculture Sector
- b)Industrial Sector
- c)Service Sector
- d)Secondary Sector
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which one of the following has benefied least because of globalisation...
Analysis:
To determine which sector has benefited least from globalization in India, we need to evaluate the impact of globalization on each sector individually.
Agriculture Sector:
- Globalization has led to increased competition from imported agricultural products, which has put pressure on Indian farmers.
- The sector has also faced challenges in terms of price fluctuations and market access.
Industrial Sector:
- Globalization has had a positive impact on the industrial sector in India.
- It has opened up opportunities for foreign investment, technology transfer, and market expansion.
- The sector has witnessed significant growth and development, contributing to India's economic progress.
Service Sector:
- The service sector has been one of the major beneficiaries of globalization in India.
- It has experienced rapid growth due to outsourcing and offshoring of services, such as IT, BPO, and telecommunication.
- The sector has created employment opportunities and contributed to India's GDP.
Secondary Sector:
- The secondary sector, which includes manufacturing and construction, has also benefited from globalization.
- It has attracted foreign investment, leading to the establishment of industries and infrastructure development.
Conclusion:
Among the given options, the agriculture sector has benefited least from globalization in India. It has faced challenges such as increased competition and price fluctuations, which have affected the livelihood of Indian farmers. On the other hand, the industrial sector, service sector, and secondary sector have experienced significant growth and development due to globalization.
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To determine which sector has benefited least from globalization in India, we need to evaluate the impact of globalization on each sector individually.
Agriculture Sector:
- Globalization has led to increased competition from imported agricultural products, which has put pressure on Indian farmers.
- The sector has also faced challenges in terms of price fluctuations and market access.
Industrial Sector:
- Globalization has had a positive impact on the industrial sector in India.
- It has opened up opportunities for foreign investment, technology transfer, and market expansion.
- The sector has witnessed significant growth and development, contributing to India's economic progress.
Service Sector:
- The service sector has been one of the major beneficiaries of globalization in India.
- It has experienced rapid growth due to outsourcing and offshoring of services, such as IT, BPO, and telecommunication.
- The sector has created employment opportunities and contributed to India's GDP.
Secondary Sector:
- The secondary sector, which includes manufacturing and construction, has also benefited from globalization.
- It has attracted foreign investment, leading to the establishment of industries and infrastructure development.
Conclusion:
Among the given options, the agriculture sector has benefited least from globalization in India. It has faced challenges such as increased competition and price fluctuations, which have affected the livelihood of Indian farmers. On the other hand, the industrial sector, service sector, and secondary sector have experienced significant growth and development due to globalization.
Most Upvoted Answer
Which one of the following has benefied least because of globalisation...
Agriculture sector has benefitted the least because of globalisation in India. Globalisation refers to the increasing interconnectedness and interdependence of the world's economies, cultures, and populations. It is characterized by the expansion and intensification of economic, political, social, and cultural exchange across national borders.
In India, globalisation has had a significant impact on the country's economic growth and development. The industrial and service sectors, in particular, have benefited significantly from globalisation, as they have been able to access new markets, technologies, and capital. However, the agriculture sector has not benefited as much from globalisation.
The agriculture sector in India is still largely dependent on traditional methods and technologies, and it has not been able to fully take advantage of the opportunities presented by globalisation. Additionally, the agriculture sector in India is often subject to price fluctuations and market uncertainties, which can be exacerbated by globalisation. Therefore, while globalisation has had a positive impact on many sectors in India, the agriculture sector has benefited the least.
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Which one of the following has benefied least because of globalisation...
Impact of Globalisation on Different Sectors in India
Globalisation has significantly transformed various sectors in India, leading to differential benefits across them. Among these, the agriculture sector has been impacted the least.
1. Limited Market Access
- Agricultural products often face stringent quality standards and market access issues in international trade.
- Many small farmers lack the resources to compete in the global market, limiting their ability to benefit from globalisation.
2. Price Volatility
- Globalisation has introduced price fluctuations due to international demand and supply dynamics.
- Smallholders are often vulnerable to these price swings, which can adversely affect their income stability.
3. Neglected Investment
- The industrial and service sectors have received substantial investments and support from the government, whereas agriculture has been relatively neglected.
- This lack of investment in infrastructure, technology, and research hampers productivity in agriculture.
4. Focus on Non-Agricultural Growth
- Globalisation has encouraged the growth of the industrial and service sectors, leading to urban migration and a focus on non-agricultural jobs.
- This shift has resulted in reduced interest and investment in agriculture, causing stagnation in this sector.
5. Vulnerability to Global Trends
- Indian farmers are increasingly exposed to global trends, which can be detrimental, such as climate change and international trade policies.
- This vulnerability often leads to a decrease in their bargaining power and profitability.
In conclusion, while sectors like industry and services have thrived due to globalisation, the agriculture sector has faced numerous challenges, resulting in its limited benefit from this global phenomenon.
Globalisation has significantly transformed various sectors in India, leading to differential benefits across them. Among these, the agriculture sector has been impacted the least.
1. Limited Market Access
- Agricultural products often face stringent quality standards and market access issues in international trade.
- Many small farmers lack the resources to compete in the global market, limiting their ability to benefit from globalisation.
2. Price Volatility
- Globalisation has introduced price fluctuations due to international demand and supply dynamics.
- Smallholders are often vulnerable to these price swings, which can adversely affect their income stability.
3. Neglected Investment
- The industrial and service sectors have received substantial investments and support from the government, whereas agriculture has been relatively neglected.
- This lack of investment in infrastructure, technology, and research hampers productivity in agriculture.
4. Focus on Non-Agricultural Growth
- Globalisation has encouraged the growth of the industrial and service sectors, leading to urban migration and a focus on non-agricultural jobs.
- This shift has resulted in reduced interest and investment in agriculture, causing stagnation in this sector.
5. Vulnerability to Global Trends
- Indian farmers are increasingly exposed to global trends, which can be detrimental, such as climate change and international trade policies.
- This vulnerability often leads to a decrease in their bargaining power and profitability.
In conclusion, while sectors like industry and services have thrived due to globalisation, the agriculture sector has faced numerous challenges, resulting in its limited benefit from this global phenomenon.
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