Which one of the following is not trueregarding impact of globalisatio...
Option D is not true regarding the impact of globalisation in India because labour laws are implemented properly and workers are given their rights. Globalisation has created jobs in the service sector, and people with education, skill and wealth have been benefited. However, the benefits of globalisation are not shared equally.
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Which one of the following is not trueregarding impact of globalisatio...
Introduction:
Globalization refers to the process of integration and interaction among countries, societies, and economies through the exchange of goods, services, information, and ideas. India, being one of the fastest-growing economies, has experienced the impact of globalization in various aspects.
Explanation:
The correct answer is option 'D' - Labour laws are not implemented properly and workers are denied their rights. This statement is not true regarding the impact of globalization in India. Let's understand why:
1. Creation of jobs in the service sector:
- Globalization has led to the growth of the service sector in India, particularly in areas such as Information Technology (IT) and Business Process Outsourcing (BPO).
- Many multinational companies have set up their operations in India, creating employment opportunities for skilled individuals.
- This has contributed to the growth of the Indian economy and increased employment rates.
2. Benefits to educated, skilled, and wealthy individuals:
- Globalization has provided opportunities for educated and skilled individuals in India.
- This has resulted in increased job prospects, higher salaries, and improved living standards for those with education, skills, and wealth.
- Globalization has opened avenues for entrepreneurship and innovation, allowing individuals to capitalize on new market opportunities.
3. Unequal sharing of benefits:
- The statement that benefits of globalization are not shared equally is true.
- While globalization has brought significant economic growth and opportunities in certain sectors, the benefits have not reached all sections of society equally.
- Income inequality has widened, with the rich getting richer and the poor being left behind.
- The rural population, in particular, has not experienced the same level of benefits as urban areas.
4. Implementation of labor laws:
- The statement that labor laws are not implemented properly and workers are denied their rights is not true.
- India has a comprehensive set of labor laws that protect the rights of workers.
- However, there have been instances where labor laws have been violated, particularly in the informal sector.
- Efforts are being made to strengthen labor laws and ensure their effective implementation to protect workers' rights.
Conclusion:
In conclusion, the impact of globalization on India has been multifaceted. While it has created jobs in the service sector and benefited educated and skilled individuals, there remains a significant gap in the sharing of benefits. Efforts need to be made to address income inequality and ensure the proper implementation of labor laws to protect the rights of workers.
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