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Globalisation — Political Science STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesPolitical ScienceGlobalisation5 Marks
Question
Assess any three basis on which globalisation is being resisted in India.
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Answer

The impact of globalisation in India is for reaching like:
  1. Globalisation in India has led to the setting up of production units by many foreign companies in the areas of automobiles, information technology, electronics and food processing industries.
  2. There is enormous growth in the telecommunication sector. Due to globalisation the sure of computers and other modern technologies have increased tremendously.
Simultaneously India started a gradual response to globalisation in the 1980s. It was in the 1990s that India undertook serious reforms to integrate itself with the international community. It was only in 1991 that the Narasimha Rao government took the hole step in liberalisation of Indian Economy and promoting foreign direct investment.

In the stepping year India embarked on on a programme of economics reforms that has sought increasingly do de-regulate various sectors including trade and foreign investment.
  1. Trade policy reforms: This reform sought to dismantle the earlier licensing system. It proposed heavy scaling down or removal of tariffs and reforms on quantitative restriction on imports.
  2. Industrial Policy reform: It sought abolition of industrial licensing expect for a few specified industries.
  3. Financial reform: Private sector banks including foreign joint, venture banks came to be permitted to undertake and expand their operations. A policy regime for private non-banking finance companies came to be established. Now India’s economy is open to all the nations in order to promote the principles of Globalisation.

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