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2) Do you think the impact of globalization hasn’t been uniform? Give your opinion while suggesting benefits and disadvantages of the same on the Indian society.(250 words)

Topic:  Effects of globalization on Indian society.

2) Do you think the impact of globalization hasn’t been uniform? Give your opinion while suggesting benefits and disadvantages of the same on the Indian society.(250 words)

Why this question:

The question expects us to examine how far globalisation and the resultant impact on economy and society have helped us in dealing with the problem of poverty, whether globalisation has helped in mitigating the issue or accentuating it.

Key demand of the question:

One has to clearly explain why and how impact of globalization hasn’t been uniform. And list down the advantages and disadvantages of it.

Structure of the answer:

Introduction: 

Body:

Mention that India was main mover of globalization. The government of India made major modifications in its economic policy in 1991 by which it allowed direct foreign investments in the country. As a result of this, globalization of the Indian Industry occurred at large scale.

Discuss how globalisation resulted in reduction of poverty – Creation of jobs through growth in services sector, due to the liberalization policies, India has become a consumer oriented market where the changes are brought by the demand and supply forces. Due to the high demand and the supply chains, there has been significant growth in the market. As such, more and more job opportunities are being created in different sectors. This has increased the per capita income considerably which has improved the poverty level to a great extent, technological changes taking place due to globalisation, gender equality in access to working opportunities which has positively impacted females etc.

Discuss issues which have led to worsening of poverty – issues such as MSP under dispute at WTO, the problem of jobless growth, greater incorporation of technology which was ill suited for Indian labour market etc.

Conclusion:

Conclude by listing down the pros and cons of globalisation on the Indian society.

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