Explain any for negative consequences of …
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Posted by Vartika Joshi 5 years, 11 months ago
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Yogita Ingle 5 years, 11 months ago
Negative consequences of globalization on India:-
(i) Expensive seeds purchased from MNCs compelled farmers committing suicides due to crop failure.
(ii) Slowly and gradually MNCs started buying Indian companies, resulted in instability in market.
(iii)While some advances were made in certain arenas, critical sectors such as health, housing and primary education did not receive the attention they deserved.
(iv)India had a fairly sluggish rate of economic growth. In 1991, responding to a financial crisis and to the desire for higher rates of economic growth which yet to be achieved.
(v) De-regulated various sectors including trade and foreign investment. or any other relevant consequences.
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