10th Class Social Science Globalisation Question Bank 10th CBSE Social Science Globalisation and the Indian Economy

  • question_answer
      "The impact of globalisation has not been uniform". Explain this statement. 

    Answer:

                      It is true that the impact of globalisation has not been uniform. This can be explained through the following points (i) Globalisation has some negative impact on employment and real wages. Due to ushering in of new technologies, output increases, but employment opportunities are not much, especially in rural areas, where over 60% of the population lives. (ii) Globalisation is mainly beneficial to large capitalists,  industries  and large companies. Consequently it increases the concentration of economic power and leads to inequalities. (iii) In India, during 1990-91 more than 33% of national product originated in the agricultural sector, but this share has come down to 23% in 2004-05.


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