Professional Documents
Culture Documents
Assignment On
Submitted by
Ivraj Harlalka
Roll No. 59
MBA 4th Semester, 2017 Batch (FT)
Date of submission-20/02/2019
Q: Has globalisation done more harm then let to benefit for your country? Discuss
the trade openness of your country put forward your arguments?
Ans: As seen globalization have two sides the positive and the negative. On one
hand in our India we have people with education, skill and wealth who have
benefited from the globalization, on the other hand, there are the uneducated,
less skilled people who have not benefited from it.
1. Rising Competition – With the foreign trade policies it allows the import of
electronic goods at a very cheap cost from neighboring countries thus from
this the local manufactures or producers of electronic goods are not able to
meet the challenges. MNCs flooded the market with quality products at a
cheap price. Example – Xiaomi, Samsung this MNCs has taken over the
market completely for Micromax, Spice, Lava a Indian producer.
2. In agricultural sector with globalization new technologies are coming which
are replacing the nature manure by synthetic fertilizers which are harmful.
3. Child Labor – Despite prohibition of child labour by the Indian constitution,
over 60 to a 115 million children workers are agricultural laborers, urban
children work in manufacturing, processing, repairing. Globalization most
directly exploits an estimated 3,00,000 lndian children’s.
4. Indian culture, customs and traditions have seen a decline in todays
generation.
Page | 2
Trade openness in India: There are many reasons for a country to engage in
international trade but one of the most important reasons is a country can get
goods from abroad that are cheaper as well as of higher quality than the home
made goods and even for the gains which they get from the trade.
FDI is important as India would require huge investments in the coming years to
overhaul its infrastructure sector to boost growth
Healthy growth in foreign inflows helps maintain balance of payments and value
of the rupee.
***
Page | 3