Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?
I will say that globalisation has benefitted India in the fallowing ways
(i) Increase in the volume of trade in goods and services.
(ii) Inflow of private foreign capital and export orientation of the economy.
(iii) Increased volume of output, income and - employment.
Whatever may be the fears of globalisation, I feel that it has now become a process which is irreversible and thus, we must be ready to accept globalisation and maximise our economic gains from die world market.