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India & Globalisation - Globalisation & the Indian Economy Video Lecture - Class 10

FAQs on India & Globalisation - Globalisation & the Indian Economy Video Lecture - Class 10

1. How has globalization impacted the Indian economy?

Ans. Globalization has had a significant impact on the Indian economy. It has opened up new markets and opportunities for Indian businesses, leading to increased foreign investment, export growth, and technological advancements. However, it has also exposed the Indian economy to global competition, leading to challenges for small-scale industries and job displacement in certain sectors.

2. What are the advantages of globalization for India?

Ans. Globalization has brought several advantages for India. It has led to the integration of the Indian economy with the global economy, allowing for increased trade and investment. This has resulted in economic growth, improved living standards, and access to a wider variety of goods and services. Globalization has also facilitated the transfer of technology and knowledge, encouraging innovation and development in various sectors.

3. How has globalization affected employment in India?

Ans. Globalization has had both positive and negative effects on employment in India. On one hand, it has created job opportunities in sectors such as IT, services, and manufacturing, leading to increased employment rates. On the other hand, globalization has also resulted in job displacement in certain sectors, particularly in small-scale industries that struggle to compete with cheaper imported goods. This has led to concerns about unemployment and income inequality.

4. What challenges has globalization posed to the Indian economy?

Ans. Globalization has posed several challenges to the Indian economy. Increased competition from foreign companies has put pressure on domestic industries, especially small-scale enterprises. This has led to job losses and closures of businesses in certain sectors. Additionally, globalization has exposed the Indian economy to external shocks, such as financial crises or changes in global demand, which can have adverse effects on economic stability.

5. How has globalization affected the agricultural sector in India?

Ans. Globalization has brought mixed effects on the agricultural sector in India. On the positive side, it has opened up new export opportunities for agricultural products, leading to increased income for farmers. It has also facilitated the adoption of modern farming practices and technology. However, globalization has also exposed Indian farmers to global competition, making it challenging for them to compete with cheaper imported agricultural products. This has led to concerns about the livelihoods of small-scale farmers.

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Sep 30, 2025 Last updated

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