Table of Contents
GLOBALISATION AND INDIAN ECONOMY CLASS 10 CBSE
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41.Barriers on foreign trade and foreign investment were removed to a large extent in India around 1991. Justify the statement.
Ans.It was around 1991, that some far-reaching changes in foreign trade policy were made in India. The government decided that time had come for Indian producers to compete with producers around the globe. It felt that the global competition would definitely improve the performance of producers within the country, since they would have to improve their quality to face the stiff competition from all over the globe. So, keeping the above need in mind, the government removed the barriers on foreign trade and foreign investment to a large extent. This implied that goods could be imported and exported easily and also foreign companies could set up factories and offices in India, i.e., foreign investment could be promoted now. It was against this background that policy of liberalisation was introduced to promote trade and businesses with the rest of the world. It was a right step for India’s economic development.
42.Information and Communication technology has played a major role in spreading out production of services across the countries. ‘Justify the statement with examples.
Ans.Indeed the development in the field of information and communication technology has been very remarkable. Information and communication technology has facilitated the spread of production of services across the globe. Telecommunication facilities like telephone, mobile phones and fax are used to contact one another around the world, to access information instantly and to communicate from remote areas. It is globalisation, which has created new opportunities for companies providing services, especially those involving information technologies. Call centres across the country are an example. Not only that, a number of other services like data entry, accounting other administrative tasks is now being done cheaply in India and are exported to the developed countries.
43.”Fair globalisation would create opportunities for all and also ensure that benefits of globalisation are shared better.” Support the statement.
Or
How can government play a major role in making globalisation fair?
Or
How can the Government of India play a major role to make globalisation more fair? Explain with examples.
Ans.Globalisation is not providing to be a fair deal. Fair globalisation would create opportunities for all and also ensure that benefits of globalisation are shared better.
a. Government policies must protect the interests of not only the rich and powerful but of all the people in the country.
b. Government should ensure that labour laws are implemented properly and workers get their due share.
c. Small producers should be supported to improve their productivity and performance so that they can compete for international market.
d. Government can use trade and investment barriers, if needed.
e. Government should be ready to negotiate at WTO for ensuring fairer rules.
f. If necessary, government should align with countries with similar interests to oppose the domination of major and powerful players in WTO.
ALSO VISIT : MONEY AND CREDIT NOTES CLASS 10 CBSE
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