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Globalization in India has produced the following positive results except:
A. An opportunity in terms of greater access to global markets
B. Increased economic disparities among nations and people
C. Domestic companies face stiff competition from multinational companies
D. Increased possibility for greater participation of large industries of developing countries
E. Better and advanced technology
Choose the correct answer from the options given below:
  • a)
    A, B only
  • b)
    B, C only
  • c)
    C, D only
  • d)
    D, E only
Correct answer is option 'B'. Can you explain this answer?
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Globalization in India has produced the following positive results exc...
Answer: B. B, C only

Globalization in India has produced various positive and negative results. Among these, the positive results include:
  • Greater access to global markets: As India has opened its economy to the world, it has allowed Indian businesses to access global markets, leading to increased exports, foreign investments, and overall economic growth.
 
  • Increased possibility for greater participation of large industries of developing countries: Globalization has allowed Indian industries to become more competitive and participate in global markets, contributing to economic growth and development.
 
  • Better and advanced technology: Globalization has enabled India to adopt advanced technologies from developed countries, improving the efficiency and productivity of its industries.
However, globalization has also produced some negative results, such as:
  • Increased economic disparities among nations and people: While globalization has led to overall economic growth, it has also widened the gap between the rich and the poor, both within India and across the world.
  • Domestic companies face stiff competition from multinational companies: Many small and medium-sized Indian companies struggle to compete with large multinational corporations, leading to job losses and a decline in local industries.
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Globalization in India has produced the following positive results exc...
Globalization in India has produced several positive results, including an opportunity for greater access to global markets, increased possibility for greater participation of large industries of developing countries, and better and advanced technology. However, one positive result that has not been produced by globalization in India is increased economic disparities among nations and people.

Let's analyze each option in detail:

A. An opportunity in terms of greater access to global markets:
- Globalization has opened up new avenues for Indian businesses to expand their reach and access global markets. With the reduction of trade barriers and the advent of technology, companies in India now have the opportunity to export their goods and services to a wider customer base. This has helped in boosting economic growth and creating employment opportunities.

C. Domestic companies face stiff competition from multinational companies:
- Globalization has led to the entry of multinational companies (MNCs) into the Indian market. These MNCs bring with them advanced technology, management practices, and global networks. As a result, domestic companies in India have faced increased competition. However, this competition has also pushed domestic companies to improve their products and services, leading to increased efficiency and innovation.

D. Increased possibility for greater participation of large industries of developing countries:
- Globalization has provided developing countries like India with the opportunity to participate more actively in the global economy. Large industries in India have been able to attract foreign investment, collaborate with international partners, and expand their operations abroad. This has not only contributed to economic growth but also helped in the transfer of knowledge and technology.

E. Better and advanced technology:
- Globalization has played a crucial role in the transfer of technology to India. Through foreign direct investment and partnerships with international companies, India has gained access to advanced technology and expertise. This has helped in improving the productivity and competitiveness of Indian industries, leading to overall economic development.

B. Increased economic disparities among nations and people:
- This option is incorrect because globalization has not directly led to increased economic disparities among nations and people in India. While it is true that globalization has brought about some economic inequality, it is primarily a result of various domestic factors such as unequal distribution of resources, lack of inclusive policies, and inadequate social welfare programs. Globalization, on the other hand, has the potential to reduce economic disparities by fostering economic growth and providing opportunities for development.

In conclusion, globalization in India has produced several positive results, including greater access to global markets, competition from multinational companies, increased participation of large industries, and access to better technology. However, it has not directly resulted in increased economic disparities among nations and people.
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Globalization in India has produced the following positive results except:A. An opportunity in terms of greater access to global marketsB. Increased economic disparities among nations and peopleC. Domestic companies face stiff competition from multinational companiesD. Increased possibility for greater participation of large industries of developing countriesE. Better and advanced technologyChoose the correct answer from the options given below:a)A, B onlyb)B, C onlyc)C, D onlyd)D, E onlyCorrect answer is option 'B'. Can you explain this answer?
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