Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

A good effect of globalisation on India: Globalisation has resulted in greater competition among producers-both local and foreign. As a result, quality of the products has been improved. At the same time prices of goods have been lowered.
A bad effect of globalisation on India: For a large number of small producers and workers, globalisation has posed a great problem. The small producers failed to compete and got perished. Several units have shut down rendering many workers jobless.